Arista Networks (NYSE: ANET) CFO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arista Networks, Inc. Senior Vice President and CFO Chantelle Yvette Breithaupt reported routine equity compensation activity involving restricted stock units that converted into common shares. She exercised derivative awards covering 12,266 shares of common stock, reflecting the vesting of restricted stock units.
To cover tax withholding obligations on this vesting, 6,144 common shares were disposed of at an indicated price of $141.58 per share, a non‑market tax-withholding disposition. Following these transactions, she directly holds 73,000 shares of Arista Networks common stock, with vesting continuing on specified quarterly vest dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,266 shares exercised/converted
Mixed
5 txns
Insider
Breithaupt Chantelle Yvette
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit-1 | 10,916 | $0.00 | -- |
| Exercise | Restricted Stock Unit-2 | 1,350 | $0.00 | -- |
| Exercise | Common Stock | 10,916 | $0.00 | -- |
| Exercise | Common Stock | 1,350 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,144 | $141.58 | $870K |
Holdings After Transaction:
Restricted Stock Unit-1 — 76,424 shares (Direct, null);
Restricted Stock Unit-2 — 18,900 shares (Direct, null);
Common Stock — 71,650 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units. Twenty five percent (25%) of the restricted stock units awarded vested on Feb 20, 2025 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. Six and one-quarter percent (6.25%) of the restricted stock units awarded vest 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.
Key Figures
RSU-derived common shares: 12,266 shares
Shares withheld for taxes: 6,144 shares
Tax withholding price: $141.58 per share
+5 more
8 metrics
RSU-derived common shares
12,266 shares
Common stock received from RSU exercises on May 20, 2026
Shares withheld for taxes
6,144 shares
Tax-withholding disposition at $141.58 per share
Tax withholding price
$141.58 per share
Value used for shares withheld to satisfy tax obligations
Direct holdings after transactions
73,000 shares
Common stock directly owned by CFO after Form 4 activity
RSU-1 shares converted
10,916 shares
Restricted Stock Unit-1 conversion into common stock
RSU-2 shares converted
1,350 shares
Restricted Stock Unit-2 conversion into common stock
Quarterly vesting rate
6.25%
Portion of certain RSU awards vesting each quarterly vest date
Initial vesting tranche
25%
Portion of one RSU award that vested on February 20, 2025
Key Terms
restricted stock unit, tax withholding obligations, derivative security, quarterly vest date, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting."
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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
quarterly vest date financial
"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."
vesting financial
"will continue to vest at a rate of six and one-quarter percent (6.25%) each quarter on each quarterly vest date thereafter."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Arista Networks (ANET) CFO Chantelle Breithaupt report in this Form 4?
The CFO reported routine equity compensation activity. Restricted stock units converted into 12,266 common shares, and 6,144 shares were withheld to cover taxes. After these transactions, she directly holds 73,000 Arista Networks common shares.
How do the Arista Networks (ANET) restricted stock units vest for the CFO’s awards?
One RSU award vested 25% on February 20, 2025 and continues at 6.25% each quarterly vest date. Another vests 6.25% on February 20, 2026 and then on each quarterly vest date tied to February, May, August, and November.