Fortinet (FTNT) grants director Judith Sim 1,836 restricted stock units
Rhea-AI Filing Summary
Sim Judith reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. director Judith Sim 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. 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 meeting of stockholders, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting. Following this grant, Sim holds 1,836 RSUs directly.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sim Judith
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
Underlying Shares: 1,836
Holdings After Grant: 1,836
+2 more
5 metrics
RSUs Granted
1,836
Restricted Stock Units granted to Judith Sim on 2026-08-12
Underlying Shares
1,836
Shares of Fortinet common stock underlying the RSUs
Holdings After Grant
1,836
Total Restricted Stock Units held directly by Judith Sim after the transaction
First Vesting Date
September 30, 2026
First scheduled vesting date for the RSU grant
Final Vesting Outside Date
June 30, 2027
Latest possible vesting date, or earlier date before the 2027 annual meeting
Key Terms
Restricted Stock Units, contingent right, vest, canceled prior to vest date
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
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.
canceled prior to vest date financial
"RSUs do not expire; they either vest or are canceled prior to vest date"
FAQ
What equity award did Fortinet (FTNT) director Judith Sim receive?
Judith Sim received a grant of 1,836 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Fortinet common stock upon settlement, subject to the vesting schedule and continued service conditions.
What is the vesting schedule for Judith Sim’s Fortinet (FTNT) RSUs?
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 date immediately preceding Fortinet’s 2027 annual meeting, subject to continued service.
Do Judith Sim’s Fortinet (FTNT) RSUs have an expiration date?
No, the RSUs do not expire. According to the terms, they either vest according to the schedule or are canceled prior to the vesting date if the applicable conditions are not met.
What are Judith Sim’s Fortinet (FTNT) RSU holdings after this transaction?
After this reported transaction, Judith Sim directly holds 1,836 Restricted Stock Units. These RSUs each represent a contingent right to receive one share of Fortinet common stock upon settlement, subject to the specified vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.