F5 (NASDAQ: FFIV) CTO nets more shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
F5, Inc. Chief Technology Ops Officer Michael F. Montoya reported routine equity compensation activity involving restricted stock units and common shares. On March 11, 2026, he exercised 934 Restricted Stock Units, receiving 934 shares of F5 common stock at a stated price of $0.0000 per share in the transaction record.
On the same date, 367 common shares were disposed of at $289.52 per share to cover tax obligations, a non‑market transaction coded as tax withholding. After these entries, he holds 3,142 common shares directly and 4,252 shares indirectly through a family trust for the benefit of his children, where he serves as co‑trustee. Each Restricted Stock Unit represents a contingent right to receive one F5 common share on its vest date, and the March 13, 2025 service‑based RSU award is scheduled to fully vest on the first business day prior to the fiscal 2025 annual shareholder meeting.
Positive
- None.
Negative
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Insights
Routine RSU vesting with tax withholding, no open‑market trading.
Michael F. Montoya, F5’s Chief Technology Ops Officer, exercised 934 Restricted Stock Units into common stock and had 367 shares withheld at $289.52 per share to satisfy tax liabilities. These are standard compensation-related entries, not discretionary market purchases or sales.
Following the transactions, he holds 3,142 F5 common shares directly and 4,252 shares indirectly via a family trust benefiting his children, where he is co‑trustee. With no remaining derivative positions shown and no open‑market trading, this filing mainly updates ownership records without materially changing the investment thesis for F5.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 934 | $0.00 | -- |
| Exercise | Common Stock | 934 | $0.00 | -- |
| Tax Withholding | Common Stock | 367 | $289.52 | $106K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares are held in a trust for the benefit of the reporting person's children. The reporting person is a co-trustee of the trust. Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date. This March 13, 2025 award of service-based 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 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.