4/A: NETGEAR Executive Tamesa Rogers Updates Beneficial Ownership After ESPP Purchases
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Tamesa Rogers, Chief People Officer at NETGEAR, files an amendment to their Form 4 to reflect updated securities holdings, including Employee Stock Purchase Plan (ESPP) purchases.
Summary
- Tamesa Rogers, Chief People Officer of NETGEAR, filed an amended Form 4 with the SEC on April 29, 2024.
- The amendment updates the total securities beneficially owned to include purchases made through the Employee Stock Purchase Plan (ESPP).
- Rogers directly owns 78,190 shares of NETGEAR common stock.
- Rogers also holds options to purchase NETGEAR common stock at various exercise prices and expiration dates.
- These options include 101 shares exercisable from June 3, 2015, 74 shares exercisable from June 2, 2025, 9,233 shares exercisable from March 24, 2026, 15,000 shares exercisable from June 1, 2017, 15,000 shares exercisable from January 25, 2028, and 30,000 shares exercisable from July 19, 2029.
- The options vest over time, with 25% vesting after twelve months from the Vesting Start Date and 1/48 vesting each month thereafter, contingent upon continued service.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The filing reflects routine insider activity (ESPP purchases) and continued investment in the company by a key executive.
Positives
- The filing indicates continued investment in NETGEAR by a key executive through the ESPP.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to NETGEAR and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/03/2015 | Date of employee stock option grant with an exercise price of $19.32 and expiration date of 06/03/2024 for 101 shares. |
| 06/01/2017 | Date of employee stock option grant with an exercise price of $25.37 and expiration date of 06/01/2027 for 15,000 shares. |
| 07/31/2023 | Date of earliest transaction reported in the original filing. |
| 08/03/2023 | Date of original Form 4 filing. |
| 04/29/2024 | Date of the amended Form 4/A filing. |
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