Key facts
- This page summarizes Heidi Cormack's Form 4 filing for NETGEAR, INC. (NTGR).
- 1 reported transaction and 3 derivative rows are listed below.
- Accepted by SEC: 31 May 2024, 12:27.
Heidi Cormack - 30 May 2024 Form 4 Insider Report for NETGEAR, INC. (NTGR)
- Reporting relationship
- Chief Marketing Officer
- Issuer ticker
- NTGR
- Reported as of
- 30 May 2024
- Net transaction value
- -$63,368
- SEC form
- 4
- Accepted by SEC
- 31 May 2024, 12:27:31 UTC
- Prior SEC filing
- 14 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Andrew Kim
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Heidi Cormack filed Form 4 for NETGEAR, INC. (NTGR) on 31 May 2024.
Change
- Previous filing in this sequence was filed on 14 May 2024.
- Current net transaction value: -$63,368.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NTGR
transaction
Common Stock
Sale
- Transaction value
- $63,368
- Shares
- -4,687
- Change %
- -5.3%
- Price
- $13.52
- Shares after
- 83,611
- Date
- 30 May 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NTGR
holding
Derivative
Employee Stock Option (Right to Buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 25,253
- Date
- 30 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 25,253
- Exercise price
- $41.67
- Footnotes
- F4
NTGR
holding
Derivative
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 54,577
- Date
- 30 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 54,577
- Exercise price
- $26.61
- Footnotes
- F4
NTGR
holding
Derivative
Performance Restricted Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,000
- Date
- 30 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 10,000
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Heidi Cormack is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 5 footnotes
Footnote F1
The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2024.
Footnote F2
The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
Footnote F3
For the RSUs with a commencement date of April 30, 2024, One-third (1/3rd) of the RSUs will vest on the one-year anniversary of the vesting commencement date, and one-twelfth (1/12th) of the RSUs will vest each quarter thereafter on the quarterly anniversary of the vesting commencement 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.
Footnote F4
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
Footnote F5
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.