Jean A. Bua - 06 Jun 2024 Form 4 Insider Report for NETSCOUT SYSTEMS INC (NTCT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Jun 2024, 21:39:56 UTC
Prior SEC filing
05 Jun 2024
Next SEC filing
18 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Greg Sloan, by Power of Attorney

Key filing fact

Jean A. Bua filed Form 4 for NETSCOUT SYSTEMS INC (NTCT) on 10 Jun 2024.

Key facts

  • This page summarizes Jean A. Bua's Form 4 filing for NETSCOUT SYSTEMS INC (NTCT).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2024, 21:39.

Change

  • Previous filing in this sequence was filed on 05 Jun 2024.
  • Current net transaction value: -$56,500.

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.

NTCT transaction

Common Stock

Options Exercise

Transaction value
Shares
+10,080
Change %
+12%
Price
Shares after
96,963
Date
06 Jun 2024
Ownership
Direct
Footnotes
F1, F2
NTCT transaction

Common Stock

Tax liability

Transaction value
$56,500
Shares
-2,969
Change %
-3.1%
Price
$19.03
Shares after
93,994
Date
06 Jun 2024
Ownership
Direct
Footnotes
F3, F4

Reported derivative securities

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

NTCT transaction Derivative

Performance Stock Unit

Options Exercise

Transaction value
Shares
-10,080
Change %
-20%
Price
Shares after
40,320
Date
06 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,080
Exercise price
Footnotes
F2, F8
NTCT transaction Derivative

Restricted Stock Unit

Award

Transaction value
Shares
+21,600
Change %
+44%
Price
Shares after
70,200
Date
06 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
21,600
Exercise price
Footnotes
F2, F5, F6
NTCT transaction Derivative

Performance Stock Unit

Award

Transaction value
Shares
+14,400
Change %
+36%
Price
Shares after
54,720
Date
06 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
14,400
Exercise price
Footnotes
F2, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

The shares of Common Stock were acquired upon the vesting of certain performance stock units previously granted to the reporting person.

Footnote F2

The price is N/A.

Footnote F3

The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.

Footnote F4

Represents the closing price of the Company's Common Stock on June 5, 2024.

Footnote F5

The restricted stock units vest in four equal annual installments with the first installment vesting on June 6, 2025.

Footnote F6

Date is N/A.

Footnote 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.

Footnote 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.

SEC remarks

EVP, Chief Financial Officer and Treasurer

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