Fortinet grants 1,836 RSUs to director Ming Hsieh
Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Hsieh Ming reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. reported that director Ming Hsieh received a grant of 1,836 Restricted Stock Units (RSUs), each representing a contingent right to one share of Fortinet common stock upon settlement. The 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 stockholders meeting, subject to continued service. RSUs do not expire; they either vest or are canceled before vesting.
Insider Trade Summary
Grant/Award: 1,836 shares
Grant/Award
1 txn
Insider
Hsieh Ming
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 contracts (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 RSUs
First Vesting Date: September 30, 2026
Final Vesting Outside Date: June 30, 2027
+1 more
4 metrics
RSUs Granted
1,836 RSUs
Grant of Restricted Stock Units to director Ming Hsieh
First Vesting Date
September 30, 2026
RSUs vest in substantially equal increments starting on this date
Final Vesting Outside Date
June 30, 2027
Latest possible vesting date, or earlier date before 2027 annual meeting
Shares Following Transaction
1,836 shares
Total RSUs held directly by Ming Hsieh after this grant
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"
vest financial
"The RSUs will vest in substantially equal increments on each of"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fortinet (FTNT) disclose about Ming Hsieh’s latest equity award?
Fortinet disclosed that director Ming Hsieh 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 vesting and continued service conditions.
How many RSUs did Ming Hsieh acquire in this Fortinet (FTNT) Form 4?
Ming Hsieh acquired 1,836 RSUs reported as a grant or award. These RSUs convert into the same number of Fortinet common shares upon settlement if vesting conditions are satisfied and are held as a direct ownership position.
What is the vesting schedule for Ming Hsieh’s 1,836 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 before Fortinet’s 2027 annual stockholders meeting, assuming continued service.
Do Ming Hsieh’s Fortinet (FTNT) RSUs have an expiration date?
The filing states that RSUs do not expire; they either vest or are canceled prior to the vest date. For Ming Hsieh, shares of Fortinet common stock will be delivered after each vesting date if service-based conditions are met.
What type of security was reported for Ming Hsieh in the Fortinet (FTNT) Form 4?
The reported security is Restricted Stock Units with an underlying security of Fortinet common stock. Each RSU corresponds to one share to be delivered following vesting and does not involve a cash exercise price.
Is Ming Hsieh’s Fortinet (FTNT) RSU grant a market purchase or a compensation award?
The transaction is coded as a grant, award, or other acquisition (Code A), indicating a compensation-related award rather than a market purchase. The per-share transaction price is reported as $0.00, consistent with an equity grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
