Fortinet BDR program reflects 6-for-1 stock split, ratio shifts to 1:12 from 1:2
FTNT•Brazil BDR ratio adjustment tied to stock split
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.
