Fortinet director acquires 650 shares via RSU vesting
Fortinet director Jean X. Hu acquired 650 shares of common stock through the vesting of restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
Fortinet director Jean X. Hu acquired 650 shares of common stock through the vesting of restricted stock units (RSUs). The RSUs, each representing a contingent right to one common share, vested as part of a grant awarded on August 20, 2025. Following this vesting and settlement, Hu directly holds 39,049 shares of Fortinet common stock.
Insider Trade Summary
650 shares exercised/converted
Exercise
2 txns
Insider
Hu Jean X.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 650 | $0.00 | $0.00 |
| Exercise | Common Stock | 650 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 39,049 shares (Direct)
Footnotes (4)
- F1. Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025.
- F2. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F3. The RSUs will vest in substantially equal increments on each of September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of (i) June 30, 2026 and (ii) the date immediately preceding the Issuer's 2026 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.
- F4. RSUs do not expire; they either vest or are canceled prior to vest date
Key Figures
Shares acquired via RSU vesting: 650 shares
Shares held after transaction: 39,049 shares
RSU grant date: August 20, 2025
+1 more
4 metrics
Shares acquired via RSU vesting
650 shares
Common stock received from vested restricted stock units
Shares held after transaction
39,049 shares
Direct Fortinet common stock ownership after RSU settlement
RSU grant date
August 20, 2025
Grant date for RSUs that later vested into common shares
RSU vesting structure
4 installments
Substantially equal vesting on 9/30/2025, 12/31/2025, 3/31/2026, and June 2026-linked date
Key Terms
Restricted Stock Units, contingent right, vest, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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
"Each RSU represents a contingent right to receive one share"
vest financial
"The RSUs will vest in substantially equal increments"
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.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fortinet (FTNT) director Jean X. Hu report?
Jean X. Hu reported acquiring 650 shares of Fortinet common stock through vesting of restricted stock units. These RSUs converted into common shares and were delivered after vesting, increasing Hu’s direct ownership to 39,049 Fortinet shares according to the Form 4 filing.
What type of securities were involved in Jean X. Hu’s Fortinet (FTNT) transaction?
The transaction involved restricted stock units (RSUs) that convert into Fortinet common stock. Each RSU represents a contingent right to receive one share upon settlement, and 650 RSUs vested and were settled into 650 common shares for director Jean X. Hu.
Was Jean X. Hu’s Fortinet (FTNT) Form 4 a purchase or an RSU vesting?
The Form 4 reflects an RSU vesting and derivative exercise, not an open-market purchase. Jean X. Hu acquired 650 Fortinet shares when previously granted restricted stock units vested and settled into common stock under the company’s equity compensation arrangements.
What are the key terms of Jean X. Hu’s Fortinet (FTNT) RSU grant?
The RSUs were granted on August 20, 2025 and vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and a June 2026 vesting date tied to the 2026 annual meeting, subject to continued service to Fortinet.
AI-generated analysis. How Rhea-AI works. Not financial advice.
