Kenneth Duda (ANET) reports RSU vesting, trust holdings and tax share disposal
Rhea-AI Filing Summary
Arista Networks President and CTO Kenneth Duda reported a series of equity compensation events involving restricted stock units (RSUs) and common stock on February 20, 2026. Multiple RSU awards, including 44,240 units under one grant and 19,576 and 14,400 units under others, were granted or vested and then exercised into Arista common stock at a stated price of $0.0000 per share.
The resulting common shares are largely held indirectly by family-related trusts and a foundation, where Duda serves or shares roles such as trustee or co‑trustee. One transaction shows 54,823 common shares held by a family trust disposed of at $137.23 per share to satisfy tax withholding obligations on RSU vesting, rather than an open‑market sale. Footnotes explain that each RSU converts into one share and describe quarterly vesting schedules and performance‑based awards that were earned and vested on February 20, 2026.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting, grants, and tax withholding with no clear thesis change.
The activity centers on equity compensation mechanics for Arista Networks’ President and CTO, Kenneth Duda. Several restricted stock unit and performance stock awards vested or were granted, then converted into common stock largely held through family trusts and related entities where he holds trustee roles.
A key item is the disposition of 54,823 common shares at $137.23 per share by a family trust, explicitly described as shares withheld to cover tax obligations on RSU vesting, not an open‑market sale. This kind of non‑discretionary tax withholding is common in equity plans and typically does not signal a change in insider sentiment.
Footnotes detail quarterly vesting schedules of 6.25% or 5% for various RSU awards and confirm that each unit represents one share of common stock upon vesting. Overall, these transactions appear to be standard compensation and tax events, making the information informative on insider holdings structure but not obviously impactful for a long‑term investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit - 17 | 1,350 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit - 18 | 19,576 | $0.00 | -- |
| Exercise | Restricted Stock Unit - 18 | 19,576 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit - 19 | 14,400 | $0.00 | -- |
| Exercise | Restricted Stock Unit - 19 | 14,400 | $0.00 | -- |
| Exercise | Restricted Stock Unit-11 | 4,148 | $0.00 | -- |
| Exercise | Restricted Stock Unit-13 | 1,836 | $0.00 | -- |
| Exercise | Restricted Stock Unit-14 | 19,816 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit-16 | 44,240 | $0.00 | -- |
| Exercise | Restricted Stock Unit-16 | 44,240 | $0.00 | -- |
| Exercise | Restricted Stock Unit-8 | 3,880 | $0.00 | -- |
| Exercise | Common Stock | 3,880 | $0.00 | -- |
| Exercise | Common Stock | 4,148 | $0.00 | -- |
| Exercise | Common Stock | 44,240 | $0.00 | -- |
| Exercise | Common Stock | 1,836 | $0.00 | -- |
| Exercise | Common Stock | 19,816 | $0.00 | -- |
| Exercise | Common Stock | 1,350 | $0.00 | -- |
| Exercise | Common Stock | 14,400 | $0.00 | -- |
| Exercise | Common Stock | 19,576 | $0.00 | -- |
| Tax Withholding | Common Stock | 54,823 | $137.23 | $7.52M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. These shares are held by a family trust for which the reporting person is co-trustee. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. These shares are held in a trust for the benefit of a Child of the reporting person for which the reporting person serves as co-trustee. The reporting person shares voting and investment control over the shares but disclaims beneficial ownership of the shares. These shares are held by a 501(c) Foundation for which the reporting person and his spouse serve as co-trustee. Reporting person's spouse is the trustee of the Jennifer Duda Annuity Trusts. Reporting person is the trustee of the Kenneth Duda Annuity Trusts. Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on February 20, 2026 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year. This performance stock award was granted in the first quarter of 2024 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2026. This performance stock award was granted in the first quarter of 2025 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2026. Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on on February 20, 2024 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year. Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on February 20, 2025 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year. Five percent (5%) of the restricted stock awarded vested on November 20, 2025 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year. This performance stock award was granted in the first quarter of 2023 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2026. Six and one-quarter percent (6.25%) of the restricted stock units awarded vested on February 20, 2023 and will continue to vest at the same rate on each quarterly vest date thereafter. A quarterly vest date is the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
