Key facts
- This page summarizes Regan J. MacPherson's Form 4 filing for Infinera Corp.
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 03 Mar 2025, 16:37.
Regan J. MacPherson - 27 Feb 2025 Form 4 Insider Report for Infinera Corp
- Reporting relationship
- Chief Legal Officer
- Issuer ticker
- N/A
- Reported as of
- 27 Feb 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2025, 16:37:26 UTC
- Prior SEC filing
- 15 Jan 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nicholas Janof, by Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Regan J. MacPherson filed Form 4 for Infinera Corp on 03 Mar 2025.
Change
- Previous filing in this sequence was filed on 15 Jan 2025.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
INFN
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +75,132
- Change %
- Price
- $0.000000
- Shares after
- 75,132
- Date
- 27 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 75,132
- Exercise price
- Footnotes
- F1, F2, F3
INFN
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +153,334
- Change %
- Price
- $0.000000
- Shares after
- 153,334
- Date
- 28 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 153,334
- Exercise price
- Footnotes
- F1, F4, F5
INFN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $0
- Shares
- -393,466
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 28 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 393,466
- Exercise price
- Footnotes
- F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Regan J. MacPherson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
On March 10, 2024, Infinera Corporation ("Company") granted the Reporting Person a performance share award covering 115,000 shares ("PSAs") based on the achievement of a goal tied to the total stockholder return ("TSR") of the Company relative to the TSR of companies listed in the Russell 3000 Index during the relevant performance period (the "PSA Award"). The PSA Award has three performance periods, consisting of one-, two- and three- year periods beginning with the last trading day in the Company's fiscal 2023 and ending with the Company's fiscal 2024, 2025 and 2026 respectively (each, a "Performance Period"), and with one-third of the target number of shares under the PSAs allocated to each such Performance Period. Each PSA represents a contingent right to receive one share of Company common stock.
Footnote F2
Effective February 27, 2025, given the Company's TSR was positive and in the 79th percentile relative to the TSR of the companies listed on the Russell 3000 Index for the fiscal 2024 Performance Period, the Compensation Committee of the Board of Directors of the Company ("Compensation Committee") certified that 196% of the target number of shares, or 75,132 shares of Company common stock, subject to the 2024 Performance Period under the PSA Award became eligible to vest ("2024 Eligible Shares").
Footnote F3
100% of the 2024 Eligible Shares vest on March 5, 2027, subject to the Reporting Person's continued service to the Company, or any successor company, through the applicable vesting date.
Footnote F4
Pursuant to the Company's merger agreement with Nokia Corporation dated as of June 27, 2024 ("Merger Agreement") and in accordance with the provisions of the grant documents evidencing the PSAs granted on March 10, 2024, the fiscal 2025 and 2026 Performance Periods were shortened to end as of February 20, 2025, the date approved by the Compensation Committee for determining performance under such performance periods in accordance with the requirements of the applicable award agreements. Accordingly, effective February 27, 2025, given the Company's TSR was positive and in the 81st percentile relative to the TSR of the companies listed on the Russell 3000 Index for the fiscal 2025 and 2026 shortened Performance Periods, the Compensation Committee certified that 200% of the target number of shares subject to each such performance period or a total of 153,334 shares of Company common stock under the PSA Award became eligible to vest ("2025-2026 Eligible Shares").
Footnote F5
100% of the 2025-2026 Eligible Shares vest on March 5, 2027, subject to the Reporting Person's continued service to the Company, or any successor company, through the applicable vesting date.
Footnote F6
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock.
Footnote F7
Includes shares of Company common stock underlying the unvested (i) 2024 Eligible Shares, (ii) 2025-2026 Eligible Shares, and (iii) previously reported RSUs; all of which pursuant to the Merger Agreement converted as of the Effective Time of the merger into time-based RSUs of Nokia.