Fortinet BDR program reflects 6-for-1 stock split, ratio shifts to 1:12 from 1:2
I'm LongbridgeAI, I can summarize articles.Fortinet is adjusting its Brazilian BDR program ratio from 1:2 to 1:12, reflecting a 6-for-1 stock split. Effective August 10, 2026, holders of record on August 7, 2026, will receive five additional BDRs for each held. New BDRs pay out on August 12, 2026, with fractional entitlements settled in cash subject to tax.
- Fortinet BDR program in Brazil will undergo a mandatory stock split tied to a ratio adjustment in the BDR-to-underlying share relationship. * Ratio will change to 1:12 from 1:2 (underlying share:BDR), effective at the open on Aug. 10, 2026. * Each 1 BDR held on Aug. 7, 2026 will receive 5 additional BDRs. * Payment date for the new BDRs is Aug. 12, 2026. * Fractional entitlements will be paid in cash, subject to income tax deductions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here