Arista Networks (ANET) has shared an update.
Arista Networks, Inc. has updated its 2014 Equity Incentive Plan, providing fresh incentives for employees through equity-based awards such as stock options and restricted stock units. With a new share pool of over 13 million shares, plus additional shares from expired or forfeited awards, the company has aligned the plan with good governance practices, removing the automatic share reserve increase. The success of this revamped plan hinges on the approval of shareholders at the upcoming 2024 Annual Meeting. If not approved, any awards under the new plan will be forfeited, and no shares will be issued before gaining stockholder consent, as per NYSE rules.
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