A10 Networks (NYSE: ATEN) director gets 7,233 RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHUNG PETER Y reported acquisition or exercise transactions in this Form 4 filing.
A10 Networks, Inc. reported that director Peter Y. Chung received a grant of 7,233 restricted stock units (RSUs) of Common Stock as part of the director compensation program. These RSUs vest on the earlier of April 22, 2027 or the company’s next Annual Meeting.
Upon vesting, the RSUs will settle in an equal number of A10 Networks common shares, provided Mr. Chung remains in continuous service through the vesting date. After this grant, 207,298 shares and RSUs are held in his name for the benefit of Summit Partners, L.P., and he disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHUNG PETER Y
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,233 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 207,298 shares (Indirect, See Remarks)
Footnotes (1)
- Represents restricted stock units granted to Mr. Chung as part of the director compensation program. The restricted stock units will vest on the earlier of April 22, 2027, or the date of the Issuer's next Annual Meeting, and will settle solely by delivery of an equal number of shares of Common Stock provided that Mr. Chung remains in continuous service with the Issuer through the vesting date. The 207,298 shares and restricted stock units are held in the name of Mr. Chung, which are held for the benefit of Summit Partners, L.P. Mr. Chung holds any Common Stock and restricted stock units for the benefit of Summit Partners, L.P. and Mr. Chung disclaims beneficial ownership of the shares of common stock and the restricted stock units, except to the extent of their pecuniary interest therein.
Key Figures
RSUs granted: 7,233 restricted stock units
Grant price: $0.0000 per share
Post-grant holdings: 207,298 shares and RSUs
+1 more
4 metrics
RSUs granted
7,233 restricted stock units
Director compensation grant to Peter Y. Chung on April 22, 2026
Grant price
$0.0000 per share
RSU award granted without cash payment by Chung
Post-grant holdings
207,298 shares and RSUs
Held in Chung’s name for benefit of Summit Partners, L.P.
Vesting date trigger
April 22, 2027 or next Annual Meeting
RSUs vest on earliest of these dates with continuous service
Key Terms
restricted stock units, director compensation program, Annual Meeting, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units granted to Mr. Chung as part of the director compensation program."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
director compensation program financial
"Represents restricted stock units granted to Mr. Chung as part of the director compensation program."
Annual Meeting financial
"The restricted stock units will vest on the earlier of April 22, 2027, or the date of the Issuer's next Annual Meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
beneficial ownership financial
"Mr. Chung disclaims beneficial ownership of the shares of common stock and the restricted stock units"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of their pecuniary interest therein."
FAQ
What did A10 Networks (ATEN) disclose in this Form 4 for Peter Y. Chung?
A10 Networks disclosed that director Peter Y. Chung received 7,233 restricted stock units as part of the director compensation program. These RSUs vest later and will settle in common shares, held for the benefit of Summit Partners, L.P., subject to service conditions.
How many A10 Networks (ATEN) RSUs were granted to director Peter Y. Chung?
Peter Y. Chung was granted 7,233 restricted stock units of A10 Networks Common Stock. The units are compensation for his board service and will convert into an equal number of shares once vested, assuming he continues serving the company through the vesting date.
When do Peter Y. Chung’s A10 Networks (ATEN) restricted stock units vest?
The RSUs granted to Peter Y. Chung vest on the earlier of April 22, 2027, or the date of A10 Networks’ next Annual Meeting. Vesting also requires he remain in continuous service with the company through that vesting date before settlement in common shares.