Form 4: NETSCOUT CFO Piazza's RSU Vesting and Tax Withholding

NETSCOUT Systems' EVP & CFO Anthony Piazza acquired 2,500 shares through RSU vesting and disposed of 737 shares for tax obligations.

Summary

• Anthony Piazza, Executive Vice President and Chief Financial Officer of NETSCOUT Systems, Inc. (NTCT), acquired 2,500 shares of common stock on August 25, 2025, through the vesting of previously granted restricted stock units (RSUs).
• Concurrently, 737 shares of common stock were disposed of on August 25, 2025, at a price of $23.505 per share, to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Piazza directly beneficially owns 21,571 shares of common stock.
• Additionally, 2,500 derivative restricted stock units were converted into common stock, reducing the number of derivative securities beneficially owned to 31,700.

Sentiment

Score: 7

Explanation: The vesting of restricted stock units is a positive event for the executive, indicating earned compensation. The subsequent sale for tax purposes is a standard, non-discretionary transaction. Overall, it reflects routine executive compensation fulfillment.

Positives

• EVP & CFO Anthony Piazza increased his direct beneficial ownership of NETSCOUT common stock by 1,763 shares (2,500 acquired minus 737 disposed for tax).
• The vesting of restricted stock units indicates the fulfillment of performance or time-based conditions, reflecting earned compensation for the executive.

Negatives

• 737 shares were disposed of to cover tax liabilities, which represents a reduction in the total shares acquired from the RSU vesting.

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting, but the transaction is a routine compensation event and generally not indicative of significant operational changes.
• EVP & CFO Anthony Piazza: Increased direct ownership of company stock, further aligning his interests with those of shareholders.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of restricted stock units and the subsequent sale of shares to cover tax obligations. Such events are pre-scheduled compensation activities and do not typically signal a change in the company's fundamental outlook or the insider's discretionary view on the stock. Therefore, it provides no new information to warrant a change from a 'hold' position based solely on this filing.

Keywords

NETSCOUT Systems, NTCT, Anthony Piazza, CFO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Share Ownership, Tax Withholding