Fortinet (FTNT) awards 1,836 restricted stock units to director Stavridis
Rhea-AI Filing Summary
STAVRIDIS JAMES G. reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. reported that director James G. Stavridis received a grant of 1,836 Restricted Stock Units (RSUs) representing contingent rights to receive an equal number of Fortinet common shares upon settlement. The RSUs vest in four substantially equal installments 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 his continued service. Following this award, he holds 1,836 RSUs directly, which will either vest or be canceled prior to vesting; RSUs do not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STAVRIDIS JAMES G.
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 units
Underlying shares: 1,836 shares
Price per RSU: $0.0000
+2 more
5 metrics
RSUs granted
1,836 units
Restricted Stock Units awarded to James G. Stavridis on 2026-08-12
Underlying shares
1,836 shares
Common stock deliverable upon settlement of RSUs
Price per RSU
$0.0000
Reported conversion or exercise price for the RSU award
Holdings after transaction
1,836 RSUs
Total Restricted Stock Units held directly by James G. Stavridis after grant
Vesting dates
Sept 30 2026; Dec 31 2026; Mar 31 2027; earlier of Jun 30 2027 or pre-2027 AGM
Scheduled vesting for the 1,836 RSUs, subject to continued service
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 specified dates"
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 insider transaction did Fortinet (FTNT) report for James G. Stavridis?
Fortinet reported that director James G. Stavridis received a grant of 1,836 Restricted Stock Units (RSUs). Each RSU is a contingent right to receive one share of Fortinet common stock upon settlement, subject to future vesting conditions.
How many Restricted Stock Units did James G. Stavridis acquire at Fortinet (FTNT)?
James G. Stavridis acquired 1,836 RSUs in this Form 4 transaction. These RSUs currently carry a 0.0000 dollar exercise or conversion price and convert into up to 1,836 shares of Fortinet common stock upon vesting and settlement.
What is the vesting schedule for the 1,836 Fortinet (FTNT) RSUs granted to James G. Stavridis?
The 1,836 RSUs vest in four 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.
What happens to the Fortinet (FTNT) RSUs if vesting conditions are not met?
The RSUs will either vest or be canceled before the vest date. They do not have an expiration date; if service-based vesting conditions are not satisfied, the corresponding unvested RSUs are canceled instead of expiring at a set time.
How many Fortinet (FTNT) RSUs does James G. Stavridis hold after this Form 4 transaction?
After this grant, James G. Stavridis directly holds 1,836 RSUs tied to Fortinet common stock. These units will settle in shares only upon vesting, with delivery of the underlying common stock following each applicable vesting date.
Does the Fortinet (FTNT) RSU grant to James G. Stavridis involve any immediate cash payment?
The reported RSU grant lists a per-unit price of 0.0000, indicating no cash exercise price for the award itself. Value is realized only when the RSUs vest and convert into Fortinet common shares that can potentially be sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
