Fortinet Director Janet Napolitano Acquires 459 Shares via RSU Settlement
Fortinet, Inc.
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Filing Summary
Fortinet, Inc. ($FTNT) - Form 4 Filing Update Insider: Janet Napolitano (Director) Action: RSU Vesting / Settlement (Code M) Shares Transacted: 459 Common Shares @ $0.00 Post-Transaction Holdings: 4,733 shares Filing Date: 2026-10-01 | Significance: Low
Comprehensive Analysis
Executive Summary
On October 1, 2026, Fortinet, Inc. (NASDAQ: FTNT) director Janet Napolitano reported the vesting and settlement of 459 Restricted Stock Units (RSUs) into common stock on September 30, 2026. The transaction involved an acquisition price of $0.00 per share, increasing direct ownership to 4,733 common shares.
Transaction Details
- Security: Common Stock
- Transaction Code: M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3)
- Shares Acquired: 459 shares
- Transaction Price: $0.00
- Post-Transaction Direct Ownership: 4,733 shares
- Remaining RSUs: 1,377 derivative units
Vesting Terms
The RSUs correspond to a grant originally awarded on August 12, 2026, scheduled to vest in equal quarterly increments across September 30, 2026, December 31, 2026, March 31, 2027, and the earlier of June 30, 2027 or the date immediately preceding the 2027 annual stockholder meeting.
Market & Trading Significance
This transaction represents routine scheduled director equity compensation vesting and does not reflect open-market buying or selling activity. Consequently, the trading significance is rated as Low.
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