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Fortinet (FTNT) CFO awarded 2,366 performance stock units tied to return

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ohlgart Christiane reported acquisition or exercise transactions in this Form 4 filing.

Fortinet, Inc.’s Chief Financial Officer Christiane Ohlgart received a grant of 2,366 Performance Stock Units. These PSUs were earned based on relative shareholder return performance for a period ending March 31, 2026, certified on April 17, 2026. Each PSU corresponds to one share of common stock that will vest and settle in full on May 1, 2026, provided she continues serving the company on that date.

Positive

  • None.

Negative

  • None.
Insider Ohlgart Christiane
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Performance Stock Units 2,366 $0.00 --
Holdings After Transaction: Performance Stock Units — 2,366 shares (Direct, null)
Footnotes (1)
  1. Represents performance stock units ("PSUs") earned as a result of the achievement of performance criteria based on relative shareholder return pursuant to performance-based PSU awards with a performance period that ended on March 31, 2026, as certified by the HR Committee of the Issuer's Board of Directors on April 17, 2026. Each PSU represents a contingent right to receive one share of the Issuer's common stock. 100% of the PSUs vest and settle on May 1, 2026, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement. PSUs do not expire; they either vest or are canceled prior to the vesting date.
Performance Stock Units granted 2,366 PSUs Grant earned based on relative shareholder return
Underlying common shares 2,366 shares Each PSU equals one share of common stock
Performance period end March 31, 2026 Period over which relative shareholder return was measured
Certification date April 17, 2026 HR Committee certified performance criteria achievement
Vesting and settlement date May 1, 2026 100% of PSUs vest and settle on this date if service continues
Performance Stock Units financial
"Represents performance stock units ("PSUs") earned as a result of the achievement of performance criteria"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
relative shareholder return financial
"achievement of performance criteria based on relative shareholder return pursuant to performance-based PSU awards"
vest and settle financial
"100% of the PSUs vest and settle on May 1, 2026, subject to the Reporting Person's provision of service"
contingent right financial
"Each PSU represents a contingent right to receive one share of the Issuer's common stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ohlgart Christiane
(Last)(First)(Middle)
C/O FORTINET, INC.
909 KIFER ROAD
(Street)
SUNNYVALE CALIFORNIA 94086
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Fortinet, Inc. [ FTNT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Units(1)$0(2)04/17/2026A2,366 (3) (4)Common Stock2,366$02,366D
Explanation of Responses:
1. Represents performance stock units ("PSUs") earned as a result of the achievement of performance criteria based on relative shareholder return pursuant to performance-based PSU awards with a performance period that ended on March 31, 2026, as certified by the HR Committee of the Issuer's Board of Directors on April 17, 2026.
2. Each PSU represents a contingent right to receive one share of the Issuer's common stock.
3. 100% of the PSUs vest and settle on May 1, 2026, subject to the Reporting Person's provision of service to the Issuer on such date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon settlement.
4. PSUs do not expire; they either vest or are canceled prior to the vesting date.
/s/ Robert Turner, by power of attorney04/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR