A10 Networks (ATEN) CFO converts RSUs; 748 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
A10 Networks, Inc. Chief Financial Officer Michelle Elizabeth Caron reported routine equity compensation activity involving performance-based restricted stock units. On May 14, 2026, she exercised performance-based RSUs into 2,989 shares of common stock at $0.00 per share, following achievement of specified stock price performance conditions. These shares remain subject to time-based vesting, with portions vesting on May 14, 2026 and on the first and second anniversaries of April 27, 2026, contingent on continued employment. On May 15, 2026, 748 shares of common stock were automatically withheld at $27.00 per share to cover tax obligations, a non-discretionary tax-withholding disposition rather than an open-market sale. After these transactions, she directly holds 35,626 shares of A10 Networks common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,989 shares exercised/converted
Mixed
3 txns
Insider
Caron Michelle Elizabeth
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 748 | $27.00 | $20K |
| Exercise | Performance-based Restricted Stock Units | 2,989 | $0.00 | -- |
| Exercise | Common Stock | 2,989 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,626 shares (Direct, null);
Performance-based Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- Performance-Based Restricted Stock Units that were previously reported on February 13, 2026, each of which represents a contingent right to receive one share of common stock of ATEN, with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock during any one hundred (100) day trading period between February 12, 2026 and February 12, 2030. The second achievement date occurred on April 27, 2026, as certified by the compensation committee of ATEN, resulting in 2,989 units meeting the appropriate performance-based conditions. However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-half (1/2) on May 14, 2026 and an additional one-fourth (1/4) on each of the first and second anniversaries of April 27, 2026, subject to continued employment. These shares are reflected on Table I. Shares automatically withheld, on a non-discretionary basis, for tax purposes related to a Feburary 12, 2026 performance-based restricted stock unit grant that vested on May 14, 2026.
Key Figures
RSUs exercised: 2,989 shares
Tax-withheld shares: 748 shares
Post-transaction holdings: 35,626 shares
+3 more
6 metrics
RSUs exercised
2,989 shares
Performance-based RSUs converted to common stock on May 14, 2026
Tax-withheld shares
748 shares
Shares withheld for taxes at $27.00 per share on May 15, 2026
Post-transaction holdings
35,626 shares
Common stock directly held by CFO after reported transactions
Tax withholding price
$27.00/share
Value used for automatic tax-withholding disposition of 748 shares
RSU exercise price
$0.00/share
Conversion of performance-based RSUs into common stock
RSU performance window end
February 12, 2030
End of 100-day trading period window for stock price performance conditions
Key Terms
Performance-based Restricted Stock Units, volume weighted average closing prices, time-based vesting conditions, tax-withholding disposition
4 terms
Performance-based Restricted Stock Units financial
"Performance-Based Restricted Stock Units that were previously reported on February 13, 2026, each of which represents a contingent right to receive one share of common stock"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
volume weighted average closing prices financial
"with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of ATEN common stock"
time-based vesting conditions financial
"However, these shares remain subject to time-based vesting conditions and will therefore vest as to one-half"
tax-withholding disposition financial
"Shares automatically withheld, on a non-discretionary basis, for tax purposes related to a Feburary 12, 2026 performance-based restricted stock unit grant"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did A10 Networks (ATEN) CFO report?
A10 Networks CFO Michelle Elizabeth Caron exercised 2,989 performance-based RSUs into common stock and had 748 shares automatically withheld to cover taxes. These routine compensation-related transactions left her with 35,626 directly held A10 Networks common shares.
What performance conditions triggered the A10 Networks (ATEN) RSU conversion?
The RSUs converted after A10 Networks stock achieved specified volume weighted average closing price levels over a 100-day trading period between February 12, 2026 and February 12, 2030. The second achievement date occurred April 27, 2026, leading to 2,989 units meeting performance conditions.
What is the vesting schedule for the A10 Networks (ATEN) performance-based RSUs?
Although performance goals were met, the 2,989 performance-based RSUs remain subject to time-based vesting. Half vests on May 14, 2026, and one-fourth vests on each of the first and second anniversaries of April 27, 2026, subject to continued employment.