Charles J. Prober - Feb 27, 2024 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role
Chief Exective Officer, Director
Signature
/s/ Andrew Kim
Stock symbol
NTGR
Transactions as of
Feb 27, 2024
Transactions value $
$0
Form type
4
Date filed
2/27/2024, 04:34 PM
Previous filing
Feb 6, 2024
Next filing
May 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTGR Common Stock Award $0 +456K $0.00 456K Feb 27, 2024 Direct F1

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 Award $0 +456K $0.00 456K Feb 27, 2024 Common Stock 456K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth (1/4th) of the Inducement RSUs shall vest on each of the first, second, third, and fourth anniversary of the Grant Date (with the first installment vesting on January 31, 2025), subject to Mr. Prober's continued service to the Company through each such date.
F2 Performance-Based RSUs ("PRSUs") granted to the Reporting Person under Inducement Plan
F3 1/3rd of the PSUs will be allocated to a Performance Period (PP) beginning on the date that Participant commenced employment with the Company and ending on December 31, 2024; 1/3rd of the PSUs will be allocated to a PP beginning on January 1, 2025, and ending on December 31, 2025; and 1/3rd of the PSUs will be allocated to a PP on January 1, 2026, and ending on December 31, 2026 based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix during the applicable Performance Period or Adjusted Performance Period, or (ii) pursuant to the "True-Up" section in the Performance Matrix. 100% of the Eligible PSUs (if any) for each Tranche will vest on the anniversary of the Vesting Commencement Date that immediately follows the end of the Performance Period that relates to that Tranche, provided that Participant continues to be a Service Provider through that Vesting Date.