Michael Xie - 17 Jan 2025 Form 4 Insider Report for Fortinet, Inc. (FTNT)

Role
VP, ENGINEERING & CTO, Director
Signature
/s/ Robert Turner, by power of attorney
Issuer symbol
FTNT
Transactions as of
17 Jan 2025
Transactions value $
$0
Form type
4
Filing time
17 Jan 2025, 19:30:19
Previous filing
05 Nov 2024
Next filing
04 Feb 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FTNT Performance Stock Units Award $0 +32K $0.00 32K 17 Jan 2025 Common Stock 32K $0.00 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 December 31, 2024, as certified by the HR Committee of the Issuer's Board of Directors on January 17, 2025.
F2 Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F3 100% of the PSUs vest and settle on February 1, 2025, 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.
F4 PSUs do not expire; they either vest or are canceled prior to the vesting date.