secwatch.observer — SEC 8-K summary
======================================

Issuer:     Arista Networks, Inc. (ANET)
CIK:        0001596532
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001596532-24-000155
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arista board adopts amended equity plan with 13.2M new shares + up to 10M from lapsed awards, subject to vote
--------------------------------------------------------------------------------

- Board adopted amended and restated 2014 Equity Incentive Plan on April 16, effective April 17, 2024, subject to stockholder approval at 2024 annual meeting.
- New share pool: up to 13,200,000 new shares plus shares from lapsed Prior Plan awards (max 10,039,657 additional shares).
- Terms substantially similar to prior plan but eliminates automatic evergreen share reserve increase; shares not issuable until approval per NYSE rule.
- If stockholder approval not obtained, any awards granted under Restated Plan will be forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596532/000159653224000155/0001596532-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596532/000159653224000155/anet-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001596532-24-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer