Form 4: Netscout Systems CEO Anil Singhal Reports Stock Transactions
SEC Form 4 Filing
Anil Singhal, President & CEO of Netscout Systems, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On October 26, 2024, Anil Singhal, the President & CEO of Netscout Systems, Inc., reported transactions involving the company's common stock.
- Singhal acquired 13,500 shares of common stock upon the vesting of restricted stock units.
- 6,001 shares were withheld to satisfy tax obligations related to the vesting of these units at a price of $20.64.
- Following these transactions, Singhal directly owns 395,755 shares and indirectly owns 1,453,238 shares through various trusts.
- He also directly owns 116,100 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- It assures stakeholders that executive compensation is aligned with company performance.
Key Dates
| Date | Description |
|---|---|
| 10/26/2024 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 10/29/2024 | Date of signature on the Form 4 filing. |
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