Fortinet COO granted 15,660 RSUs
Whittle John reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Whittle John reported acquisition or exercise transactions in this Form 4 filing.
Fortinet, Inc. chief operating officer John Whittle reported an equity compensation grant in the form of 15,660 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Fortinet common stock, so this award ties his compensation to the company’s share performance over time.
According to the vesting schedule, 25% of the RSUs will vest on February 1, 2027, with the remaining 75% vesting in equal installments on each quarterly anniversary thereafter until fully vested, subject to his continued service. The RSUs do not expire; they either vest or are canceled before vesting, and shares will be delivered upon settlement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,660 | $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
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What insider transaction did Fortinet (FTNT) report for John Whittle?
How many restricted stock units did Fortinet COO John Whittle receive?
What is the vesting schedule for John Whittle’s Fortinet RSU grant?
Do the Fortinet restricted stock units granted to John Whittle expire?
What does each Fortinet RSU granted to John Whittle represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.