Fortinet CFO granted 12,528 RSUs
Fortinet, Inc. reported that Chief Financial Officer Christiane Ohlgart acquired 12,528 restricted stock units (RSUs) as an equity award.
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Rhea-AI Filing Summary
Fortinet, Inc. reported that Chief Financial Officer Christiane Ohlgart acquired 12,528 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of Fortinet common stock. 25% of the RSUs will vest on February 1, 2027, with the remaining 75% vesting in equal quarterly installments thereafter, as long as she continues providing service. The RSUs do not expire; they will either vest or be canceled before vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,528 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. 25% of the RSUs will vest on February 1, 2027, and the remaining 75% of the RSUs will vest in equal installments on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
- F3. RSUs do not expire; they either vest or are canceled prior to the vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fortinet (FTNT) disclose for its CFO?
How many restricted stock units were granted to the Fortinet (FTNT) CFO?
What is the vesting schedule for the Fortinet (FTNT) CFO’s 12,528 RSUs?
Do the Fortinet (FTNT) CFO’s restricted stock units ever expire?
Is the Fortinet (FTNT) CFO’s RSU grant a purchase or a compensation award?
AI-generated analysis. How Rhea-AI works. Not financial advice.