F5 (NASDAQ: FFIV) director receives 987 RSUs and exercises 934 into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
F5, Inc. director Nikhil Ramesh Mehta reported equity compensation activity and an option-like vesting event. He received a grant of 987 Restricted Stock Units (RSUs), each representing a right to one share of F5 common stock upon vesting. On a prior date, 934 RSUs were exercised, converting into 934 shares of common stock at no cash exercise price, reflecting an exercise-and-hold transaction with no open-market sale. After these transactions, Mehta directly holds 11,043 shares of F5 common stock. The RSUs vest in full on the business day before specified future annual shareholder meetings, provided he continues to serve as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
934 shares exercised/converted
Mixed
3 txns
Insider
MEHTA NIKHIL RAMESH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 987 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 934 | $0.00 | -- |
| Exercise | Common Stock | 934 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 987 shares (Direct);
Common Stock — 11,043 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date. Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2025 (to be held in 2026) if the reporting person continues to serve as a director on the vest date, and the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date. If the reporting person continues to provide services to the Company through the vest date, the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date. Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2026 (to be held in 2027) if the reporting person continues to serve as a director on the vest date, and the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date.
FAQ
What insider transactions did F5 (FFIV) director Nikhil Ramesh Mehta report?
Nikhil Ramesh Mehta reported receiving 987 Restricted Stock Units and exercising 934 RSUs into 934 shares of F5 common stock. These actions are equity compensation events, not open-market purchases or sales, and increase his direct share ownership in the company.
What is the size of the new Restricted Stock Unit grant to F5 (FFIV) director Mehta?
Mehta received a grant of 987 Restricted Stock Units. Each RSU represents a contingent right to receive one F5 common share upon vesting, subject to continued board service and the vesting schedule tied to future annual shareholder meeting dates described in the footnotes.
How do the Restricted Stock Units for F5 (FFIV) director Mehta vest?
The RSUs vest if Mehta continues as a director through specific future dates. Footnotes explain they fully vest on the first business day before certain annual shareholder meetings, and upon vesting, an equivalent number of F5 common shares is issued to him.