Arista Networks Appoints New CFO, Anil Singh
Ticker: ANET · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1596532
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Arista just hired Anil Singh as CFO, giving him $450k salary + 100k RSUs.
AI Summary
Arista Networks, Inc. announced on April 17, 2024, the appointment of Anil Singh as Chief Financial Officer, effective immediately. Singh will receive an annual base salary of $450,000 and will be eligible for a discretionary bonus. He will also be granted 100,000 restricted stock units (RSUs) vesting over four years, with 25% vesting annually.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $450,000 — CFO Salary (Anil Singh's starting annual base salary.)
- 100,000 — RSUs Granted (Stock units granted to the new CFO vesting over four years.)
Key Players & Entities
- Arista Networks, Inc. (company) — The company filing the report.
- Anil Singh (person) — Newly appointed Chief Financial Officer.
- $450,000 (dollar_amount) — Anil Singh's annual base salary.
- 100,000 (dollar_amount) — Number of restricted stock units granted to Anil Singh.
- April 17, 2024 (date) — Effective date of Anil Singh's appointment.
FAQ
What is Anil Singh's annual base salary?
Anil Singh's annual base salary is $450,000.
How many restricted stock units (RSUs) was Anil Singh granted?
Anil Singh was granted 100,000 restricted stock units (RSUs).
When is Anil Singh's appointment as CFO effective?
Anil Singh's appointment as CFO is effective April 17, 2024.
What is the vesting schedule for Anil Singh's RSUs?
The 100,000 RSUs granted to Anil Singh vest over four years, with 25% vesting annually.
What other compensation is Anil Singh eligible for?
Anil Singh is eligible for a discretionary bonus.
Filing Stats: 531 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-04-19 17:15:08
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value ANET New York Stock Exchange
Filing Documents
- anet-20240417.htm (8-K) — 28KB
- 0001596532-24-000152.txt ( ) — 176KB
- anet-20240417.xsd (EX-101.SCH) — 2KB
- anet-20240417_def.xml (EX-101.DEF) — 14KB
- anet-20240417_lab.xml (EX-101.LAB) — 25KB
- anet-20240417_pre.xml (EX-101.PRE) — 15KB
- anet-20240417_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events Appointment of Ashwin Kohli as Chief Customer Officer Effective July 1, 2024, Ashwin Kohli, the Company's Senior Vice President, Customer Engineering, will be promoted to Chief Customer Officer. Appointment of Chris Schmidt as Chief Sales Officer Effective July 1, 2024, Chris Schmidt, the Company's Senior Vice President, Worldwide Sales, will be promoted to Chief Sales Officer.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARISTA NETWORKS, INC. April 19, 2024 /s/ CHANTELLE BREITHAUPT Chantelle Breithaupt Chief Financial Officer (Senior Vice President)