Fortinet director receives 650 shares from RSU vesting
Fortinet director Janet Napolitano acquired 650 shares of common stock through the vesting and settlement of restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
Fortinet director Janet Napolitano acquired 650 shares of common stock through the vesting and settlement of restricted stock units (RSUs). The RSUs were part of a grant made on August 20, 2025, and vest in four substantially equal installments tied to service through mid-2026. Following this vesting event on June 11, 2026, Napolitano directly holds 4,274 shares of Fortinet common stock.
Insider Trade Summary
650 shares exercised/converted
Exercise
2 txns
Insider
Napolitano Janet
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 — 4,274 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
RSUs converted: 650 shares
Shares owned after transaction: 4,274 shares
RSU grant date: August 20, 2025
+2 more
5 metrics
RSUs converted
650 shares
Restricted Stock Units vesting into common stock on June 11, 2026
Shares owned after transaction
4,274 shares
Direct Fortinet common stock held by Janet Napolitano post-transaction
RSU grant date
August 20, 2025
Grant date of RSUs that vested in scheduled installments
Vesting installments
4 dates
RSUs vest on Sep 30 2025, Dec 31 2025, Mar 31 2026, and earlier of Jun 30 2026 or pre-2026 meeting
Exercise/settlement price
$0.00 per unit
Conversion price for RSUs into Fortinet common shares
Key Terms
Restricted Stock Units, RSUs, contingent right, annual meeting of stockholders, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") granted to the Reporting Person on August 20, 2025."
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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
annual meeting of stockholders financial
"the date immediately preceding the Issuer's 2026 annual meeting of stockholders, subject to the Reporting Person's provision of services"
vest financial
"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"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Janet Napolitano report in this Fortinet (FTNT) Form 4?
Janet Napolitano reported receiving 650 Fortinet common shares from the vesting of restricted stock units. These RSUs converted into shares as part of a previously granted equity award, increasing her direct ownership to 4,274 common shares following the June 11, 2026 transaction.
What is the vesting schedule of Janet Napolitano’s Fortinet RSUs?
The RSUs granted on August 20, 2025 vest in substantially equal increments on September 30, 2025, December 31, 2025, March 31, 2026, and the earlier of June 30, 2026 or the day before Fortinet’s 2026 annual stockholders meeting, subject to continued service at each vesting date.
Do Janet Napolitano’s Fortinet RSUs have an expiration date?
The RSUs do not have a traditional expiration date; they either vest or are canceled before vesting. If service conditions are met on each scheduled vesting date, corresponding RSUs convert into Fortinet common shares and are delivered to Janet Napolitano after vesting.
What type of securities were involved in Janet Napolitano’s Fortinet Form 4?
The filing involves restricted stock units and the issuer’s common stock. 650 RSUs converted into 650 common shares at a stated price of $0.00 per unit upon vesting, reflecting equity compensation rather than an open-market stock purchase or sale transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
