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

Signature
/s/ R. Eddie Dixon, Jr. as attorney-in-fact for Scott Arthur Rust
Stock symbol
NATI
Transactions as of
Jan 18, 2022
Transactions value $
$0
Form type
4
Date filed
1/20/2022, 05:15 PM
Previous filing
Nov 18, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATI Common Stock Award $0 +5.26K +15.63% $0.00 38.9K Jan 18, 2022 Direct F1
transaction NATI Common Stock Award $0 +10.3K +26.57% $0.00 49.2K Jan 18, 2022 Direct 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 NATI Performance-Based Restricted Stock Units Award $0 +15.5K $0.00 15.5K Jan 18, 2022 Common Stock 15.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Represents restricted stock units granted on January 18, 2022 which will vest in three equal installments on the anniversary of the grant date.
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.