4/A: NetScout Systems CEO Anil Singhal Amends SEC Filing to Correct Transaction Dates

An amended SEC Form 4 filing reveals corrections to the transaction and vesting dates related to restricted stock units and performance stock units granted to NetScout Systems CEO Anil K Singhal.

Summary

• An amended SEC Form 4 filing was submitted by Anil K Singhal, the President and CEO of NetScout Systems Inc.
• The amendment corrects the Date of Earliest Transaction, Transaction Date, and relevant vesting dates in the footnotes that were misstated in the original Form 4.
• The original filing was made on May 7, 2025, and this amendment is dated May 8, 2025.
• The corrected filing reports the acquisition of 43,200 restricted stock units and 28,800 performance stock units on May 6, 2025.
• The restricted stock units vest in four equal annual installments, starting on May 6, 2026.
• The performance stock units vest based on the attainment of required relative total shareholder return over a 36-month period, from May 6, 2025, to May 5, 2028, with vesting ranging from 0% to 100%.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting previously misstated information. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is standard practice for publicly traded companies. It provides transparency regarding the equity-based compensation awarded to key executives.

Stakeholder Impact

• Shareholders are informed about the corrected details of executive compensation.
• Employees may be indirectly affected by the performance-based vesting of the performance stock units.

Key Dates

Keywords

SEC Form 4, amendment, NetScout Systems, Anil Singhal, restricted stock units, performance stock units, vesting, total shareholder return, NTCT