Murray Bryan - Apr 27, 2024 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role
Chief Finance Officer
Signature
/s/ Andrew Kim
Stock symbol
NTGR
Transactions as of
Apr 27, 2024
Transactions value $
$0
Form type
4
Date filed
4/29/2024, 12:58 PM
Previous filing
Aug 2, 2023
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction NTGR Common Stock +Grant/Award $0 +63,750 +44.67% $0.00 206,465 Apr 27, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTGR Performace Restricted Stock Units +Grant/Award $0 +21,250 $0.00 21,250 Apr 27, 2024 Common Stock 21,250 Direct F3, F4
holding NTGR Employee Stock Option (Right to Buy) 5 Apr 27, 2024 Common Stock 5 $19.99 Direct
holding NTGR Employee Stock Option (Right to Buy) 25,000 Apr 27, 2024 Common Stock 25,000 $38.32 Direct F5
holding NTGR Employee Stock Option (Right to Buy) 30,000 Apr 27, 2024 Common Stock 30,000 $26.61 Direct F5

Explanation of Responses:

Id Content
F1 One-third (1/3rd) of the RSUs will vest on the one-year anniversary of the Grant Date, and one-twelfth (1/12th) of the RSUs will vest each quarter thereafter on the quarterly anniversary of the Grant Date (or if there is no corresponding day, on the last day of the quarter), provided that Participant (as defined in the Plan) continues to be a Service Provider (as defined in the Plan) through such date.
F2 This includes 1977 ESPP shares purchased.
F3 PSUs will become eligible to vest ("Eligible PSUs") based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix (the "Performance Goal") during the performance period beginning on Grant Date and ending on December 31, 2026 (the "Performance Period") or Adjusted Performance Period (as defined below). 100% of the Eligible PSUs (if any) will vest on the three-year anniversary of the Grant Date (the "Vesting Date"), provided that Participant continues to be a Service Provider through the Vesting Date; provided, however, that the vesting of the Eligible PSUs may be accelerated pursuant to (i) Section 16(c) of the Plan and (ii) the Change in Control and Severance Agreement by and between the Company and Participant (the "Severance Agreement"). In no event shall any Eligible PSUs vest following termination of Participant's status as a Service Provider, except pursuant to the Severance Agreement.
F4 PSUs will become eligible to vest ("Eligible PSUs") based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix (the "Performance Goal") during the performance period beginning on Grant Date and ending on December 31, 2026 (the "Performance Period") or Adjusted Performance Period (as defined below). 100% of the Eligible PSUs (if any) will vest on the three-year anniversary of the Grant Date (the "Vesting Date"), provided that Participant continues to be a Service Provider through the Vesting Date; provided, however, that the vesting of the Eligible PSUs may be accelerated pursuant to (i) Section 16(c) of the Plan and (ii) the Change in Control and Severance Agreement by and between the Company and Participant (the "Severance Agreement"). In no event shall any Eligible PSUs vest following termination of Participant's status as a Service Provider, except pursuant to the Severance Agreement.
F5 This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates