Arista Networks (NYSE: ANET) CFO granted 19,170 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Breithaupt Chantelle Yvette reported acquisition or exercise transactions in this Form 4 filing.
Arista Networks, Inc. reported that Senior Vice President and CFO Chantelle Yvette Breithaupt received an equity award of 19,170 restricted stock units. Each unit represents a contingent right to receive one share of Arista common stock upon vesting.
According to the grant terms, one twelfth of these restricted stock units will vest on February 20, 2028 and will then continue to vest at the same rate on each quarterly vest date. Quarterly vest dates are defined as the first market trading day on or after February 20, May 20, August 20, and November 20 of each year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Breithaupt Chantelle Yvette
Role
Senior Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit-6 | 19,170 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit-6 — 19,170 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Arista Networks, Inc. Common Stock upon vesting. One twelfth of the restricted stock units awarded will vest on February 20, 2028 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.
FAQ
What insider transaction did Arista Networks (ANET) disclose for its CFO?
Arista Networks disclosed that its Senior Vice President and CFO, Chantelle Yvette Breithaupt, received a grant of 19,170 restricted stock units. These units are part of her equity compensation and convert into Arista common shares as they vest over time.
How many restricted stock units were granted to the Arista Networks (ANET) CFO?
The Arista Networks CFO, Chantelle Yvette Breithaupt, was granted 19,170 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Arista Networks common stock when the vesting conditions are satisfied over the specified schedule.
When do the newly granted Arista Networks (ANET) RSUs to the CFO start vesting?
The restricted stock units granted to Arista Networks’ CFO start vesting on February 20, 2028. On that date, one twelfth of the award vests, with additional portions vesting on subsequent quarterly vest dates defined in the award terms.
What is the vesting schedule for the Arista Networks (ANET) CFO’s RSU grant?
One twelfth of the CFO’s restricted stock units will vest on February 20, 2028. The remaining units will continue to vest at the same rate on each quarterly vest date, aligned with specific calendar periods defined by the company.
How often do the Arista Networks (ANET) CFO RSUs vest after 2028?
After the initial vest on February 20, 2028, the CFO’s restricted stock units vest quarterly. Vest dates occur on the first market trading day on or after February 20, May 20, August 20, and November 20 each year until the award is fully vested.
What does each Arista Networks (ANET) restricted stock unit granted to the CFO represent?
Each restricted stock unit granted to the Arista Networks CFO represents a contingent right to receive one share of Arista Networks common stock. The units only convert into actual shares as they vest according to the detailed schedule set out in the award.