Summary by Futu AI
On December 5, 2024, Syam Nair, the Chief Technology Officer (CTO) of Zscaler, was granted 16,428 shares of common stock at $0 per share. This transaction was reported as a direct acquisition under the transaction code 'A', indicating a grant, award, or other acquisition.Following this transaction, Nair's total beneficial ownership of Zscaler common stock increased to 146,548 shares held directly. The acquisition was completed on the reported date, with no additional transactions mentioned in the filing.This stock grant likely represents part of Nair's executive compensation package, aligning the CTO's interests with those of Zscaler shareholders. Such equity-based compensation is common practice among technology companies to attract and retain top talent.