Scott A. Rust - 18 Jan 2022 Form 4 Insider Report for NATIONAL INSTRUMENTS CORP

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Jan 2022, 17:15:53 UTC
Prior SEC filing
18 Nov 2021
Next SEC filing
02 Feb 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ R. Eddie Dixon, Jr. as attorney-in-fact for Scott Arthur Rust

Key filing fact

Scott A. Rust filed Form 4 for NATIONAL INSTRUMENTS CORP on 20 Jan 2022.

Key facts

  • This page summarizes Scott A. Rust's Form 4 filing for NATIONAL INSTRUMENTS CORP.
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 20 Jan 2022, 17:15.

Change

  • Previous filing in this sequence was filed on 18 Nov 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NATI transaction

Common Stock

Award

Transaction value
$0
Shares
+5,258
Change %
+16%
Price
$0.000000
Shares after
38,897
Date
18 Jan 2022
Ownership
Direct
Footnotes
F1
NATI transaction

Common Stock

Award

Transaction value
$0
Shares
+10,333
Change %
+27%
Price
$0.000000
Shares after
49,230
Date
18 Jan 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NATI transaction Derivative

Performance-Based Restricted Stock Units

Award

Transaction value
$0
Shares
+15,500
Change %
Price
$0.000000
Shares after
15,500
Date
18 Jan 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
15,500
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents the number of shares of Common Stock vested pursuant to the performance-based restricted stock unit ("PRSU") award that was granted on January 22, 2019 and reported voluntarily on the Form 4 filed with the Securities and Exchange Commission on January 24, 2019, based upon the determination that 62% of the PRSU vested given that the issuer's total shareholder return ranked at the 32.33 percentile as compared to the Russell 2000 Index over the performance period.

Footnote F2

Represents restricted stock units granted on January 18, 2022 which will vest in three equal installments on the anniversary of the grant date.

Footnote F3

The number of PRSUs reported in Table II represents the target number of PRSUs that were granted to the reporting person pursuant to the Issuer's 2020 Equity Incentive Plan. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of the Issuer's common stock that the reporting person is ultimately entitled to receive at the time of vesting ranges from 0% to 200% of the target number of PRSUs granted, subject to how the Issuer's total shareholder return ranks in comparison to companies that comprise the Russell 2000 Index over a performance period consisting of the three years ended December 31, 2024.

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