Form 4: Alfred Grasso of NETSCOUT SYSTEMS INC Reports Changes in Beneficial Ownership
SEC Form 4
Alfred Grasso, a director at NETSCOUT SYSTEMS INC, reports the vesting and disposal of restricted stock units, resulting in changes to his beneficial ownership of common stock.
Summary
- On September 14, 2024, Alfred Grasso, a director of NETSCOUT SYSTEMS INC [NTCT], reported transactions involving restricted stock units.
- 7,000 shares of common stock were acquired upon the vesting of restricted stock units.
- Concurrently, 7,000 shares were disposed of.
- Following these transactions, Grasso directly owns 44,000 shares of common stock and 7,000 restricted stock units.
- The restricted stock units vest on the first anniversary of the grant date (September 12, 2024), contingent on meeting attendance requirements and continuous service through the vesting date.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The vesting of the restricted stock units is contingent upon meeting attendance requirements and continuous service through the applicable vesting date, potentially extending to September 12, 2027, if attendance requirements are not met.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Alfred Grasso's holdings of NETSCOUT SYSTEMS INC stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting schedule of the restricted stock units incentivizes the director's continued service and engagement with the company.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of grant for restricted stock units. |
| 09/14/2024 | Date of transaction: vesting and disposal of restricted stock units. |
| 09/16/2024 | Date of signature for the report. |
| 09/12/2025 | First anniversary of the grant date, potential vesting date for restricted stock units. |
| 09/12/2027 | Latest vesting date for restricted stock units if attendance requirements are not met. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.