John Downing - Jun 6, 2024 Form 4 Insider Report for NETSCOUT SYSTEMS INC (NTCT)

Role
EVP, World-Wide Sales
Signature
/s/ John Downing
Stock symbol
NTCT
Transactions as of
Jun 6, 2024
Transactions value $
-$56,500
Form type
4
Date filed
6/10/2024, 09:36 PM
Previous filing
Feb 20, 2024
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTCT Common Stock Options Exercise +10.1K +8.07% 135K Jun 6, 2024 Direct F1, F2
transaction NTCT Common Stock Tax liability -$56.5K -2.97K -2.2% $19.03 132K Jun 6, 2024 Direct F3, F4

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 NTCT Performance Stock Unit Options Exercise -10.1K -20% 40.3K Jun 6, 2024 Common Stock 10.1K Direct F2, F8
transaction NTCT Restricted Stock Unit Award +21.6K +44.44% 70.2K Jun 6, 2024 Common Stock 21.6K Direct F2, F5, F6
transaction NTCT Performance Stock Unit Award +14.4K +35.71% 54.7K Jun 6, 2024 Common Stock 14.4K Direct F2, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired upon the vesting of certain performance stock units previously granted to the reporting person.
F2 The price is N/A.
F3 The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
F4 Represents the closing price of the Company's Common Stock on June 5, 2024.
F5 The restricted stock units vest in four equal annual installments with the first installment vesting on June 6, 2025.
F6 Date is N/A.
F7 The performance stock units shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 6, 2024, and ending on June 5, 2027.
F8 On June 3, 2021, the reporting person was granted 18,000 performance stock units (the "Prior PSUs"), which shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 4, 2021, and ending on June 3, 2024. On June 6, 2024, the Compensation Committee of the Board determined that 56% of the Prior PSUs shall vest.