Arista Networks (ANET) COO converts 126,875 RSUs
Rhea-AI Filing Summary
Arista Networks, Inc. (ANET) President and COO Todd Nightingale reported multiple equity compensation events on August 20, 2026. He exercised or converted 116,515 restricted stock units (RSUs) into common stock and received a new RSU grant covering 10,360 shares, which was also converted into common stock the same day. To cover tax withholding on these RSU vestings, 63,540 shares of common stock were withheld at $186.45 per share. Following the main RSU conversion, he held 349,545 RSUs from that award. The filing notes that 25% of the RSUs from that award will vest on August 20, 2026, with additional quarterly vesting thereafter, and that the 10,360-share performance award was granted in the second quarter of 2025 and vested on February 20, 2026 based on achievement of performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 63,335 shares
Net Buy
6 txns
Insider
Nightingale Todd
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-1 F1, F3 | 116,515 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit-3 F1, F4 | 10,360 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit-3 F1, F4 | 10,360 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 116,515 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,360 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 63,540 | $186.45 | $11.85M |
Holdings After Transaction:
Restricted Stock Unit-1 — 349,545 shares (Direct);
Restricted Stock Unit-3 — 0 shares (Direct);
Common Stock — 69,463 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting.
- F2. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
- F3. Twenty five percent (25%) of the restricted stock units awarded will vest on August 20, 2026 and will continue to vest at a rate of six and one-quarter percent (6.25%) each quarter 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 or November 20 of each year.
- F4. This performance stock award was granted in the second quarter of 2025 and was earned based on attainment of certain performance conditions. The award vested on February 20, 2026.
Key Figures
RSUs converted to common stock (main award): 116,515 shares
RSUs converted to common stock (performance award): 10,360 shares
Shares withheld for taxes: 63,540 shares
+5 more
8 metrics
RSUs converted to common stock (main award)
116,515 shares
Restricted Stock Unit-1 derivative exercise on August 20, 2026
RSUs converted to common stock (performance award)
10,360 shares
Restricted Stock Unit-3 performance award conversion on August 20, 2026
Shares withheld for taxes
63,540 shares
Code F tax withholding on RSU vesting at $186.45 per share
Tax withholding price
$186.45 per share
Applied to 63,540 withheld shares of common stock
RSUs held after main conversion
349,545 units
Total RSUs following the 116,515-unit exercise of Restricted Stock Unit-1
Initial vesting of RSU award
25%
Vests on August 20, 2026 for the RSUs described in footnote F3
Quarterly vesting rate
6.25% each quarter
Ongoing vesting of RSUs after August 20, 2026 on specified quarterly dates
Performance award size
10,360 shares
Performance stock award granted in Q2 2025 and vested on February 20, 2026
Key Terms
Restricted Stock Unit, performance stock award, tax withholding obligations, quarterly vest date
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock award financial
"This performance stock award was granted in the second quarter of 2025"
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting"
quarterly vest date financial
"A quarterly vest date is the first market trading day on or after"
FAQ
What did Arista Networks (ANET) President and COO Todd Nightingale report in this Form 4?
Todd Nightingale reported RSU conversions and tax-share withholding on August 20, 2026, including exercises of 126,875 RSUs into common stock and the withholding of 63,540 shares to satisfy tax obligations related to these vestings.
How many Arista Networks (ANET) RSUs did Todd Nightingale convert to common stock?
Todd Nightingale converted 116,515 RSUs from one award and 10,360 RSUs from a performance award, totaling 126,875 shares of Arista Networks common stock through code M derivative exercises on August 20, 2026.
What is the vesting schedule for Todd Nightingale’s new Arista Networks (ANET) RSU award?
For the RSU award tied to footnote F3, 25% will vest on August 20, 2026, and the remainder will vest at 6.25% each quarter on the first market trading day on or after February 20, May 20, August 20, or November 20 each year.
What performance award did Todd Nightingale report for Arista Networks (ANET)?
He reported a 10,360-share performance stock award granted in the second quarter of 2025. According to the filing, it was earned based on performance conditions and vested on February 20, 2026, and then was converted into common stock on August 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
