Fortinet (FTNT) awards 1,836 RSUs to director Jean X. Hu with 2026–2027 vesting
Rhea-AI Filing Summary
Hu Jean X. reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. reported that director Jean X. Hu received a grant of 1,836 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Fortinet common stock upon settlement. Following this award, Hu holds 1,836 RSUs directly.
The RSUs are scheduled to vest in substantially equal increments on September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 or the date immediately preceding Fortinet’s 2027 annual stockholders’ meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hu Jean X.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2, F3 | 1,836 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,836 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F2. The RSUs will vest in substantially equal increments on each of September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of (i) June 30, 2027 and (ii) the date immediately preceding the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's provision of services to the Issuer on each vesting date. Shares of the Issuer's Common Stock will be delivered to the Reporting Person following vesting.
- F3. RSUs do not expire; they either vest or are canceled prior to vest date
Key Figures
RSUs granted: 1,836 RSUs
Underlying shares: 1,836 shares
Holdings after grant: 1,836 RSUs
+2 more
5 metrics
RSUs granted
1,836 RSUs
Restricted Stock Units granted to director Jean X. Hu
Underlying shares
1,836 shares
Common shares underlying the RSU award
Holdings after grant
1,836 RSUs
Total RSUs directly held by Jean X. Hu following the transaction
Vesting start date
September 30, 2026
First scheduled vesting date for the RSU award
Final vesting reference date
June 30, 2027
Latest potential vesting date, or earlier date before 2027 annual meeting
Key Terms
Restricted Stock Units, contingent right, vest, settlement, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
vest financial
"The RSUs will vest in substantially equal increments on each of September 30, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settlement financial
"one share of the Issuer's common stock upon settlement"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
canceled prior to vest date financial
"RSUs do not expire; they either vest or are canceled prior to vest date"
FAQ
What did Fortinet (FTNT) disclose about Jean X. Hu’s latest equity award?
Fortinet disclosed that director Jean X. Hu received a grant of 1,836 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Fortinet common stock upon settlement, increasing Hu’s directly held RSUs to 1,836.
How many Restricted Stock Units did Jean X. Hu receive from Fortinet (FTNT)?
Jean X. Hu received 1,836 Restricted Stock Units from Fortinet. These RSUs correspond to 1,836 underlying shares of Fortinet common stock that may be delivered upon future vesting and settlement, subject to service-based conditions.
What is the vesting schedule for Jean X. Hu’s 1,836 RSUs at Fortinet (FTNT)?
The 1,836 RSUs vest in substantially equal increments on September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 or the day before Fortinet’s 2027 annual meeting, contingent on continued service.
Do Jean X. Hu’s Fortinet (FTNT) RSUs have an expiration date?
The filing states that RSUs do not expire; they either vest or are canceled before the vest date. For Jean X. Hu’s 1,836 RSUs, shares of Fortinet common stock will be delivered after each vesting date if service conditions are met.
How many RSUs does Jean X. Hu hold in Fortinet (FTNT) after this Form 4 transaction?
After this grant, Jean X. Hu holds 1,836 Restricted Stock Units directly. These RSUs are tied to an equal number of Fortinet common shares and will settle in stock as they vest over the disclosed schedule, assuming continued service.
Does Jean X. Hu’s RSU grant from Fortinet (FTNT) involve any purchase price?
The RSU grant shows a per-unit price of $0.0000, consistent with a compensation award rather than an open-market purchase. Each RSU represents a right to receive one Fortinet common share upon vesting and settlement, with no exercise price disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
