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 June 15, 2024, Anil Singhal, the President & CEO of NetScout Systems, Inc., reported transactions involving the company's common stock.
- 10,800 shares were acquired upon the vesting of restricted stock units.
- 4,801 shares were withheld to satisfy tax obligations at a price of $17.65.
- Following these transactions, Singhal directly owns 388,256 shares and indirectly owns 1,453,238 shares through various trusts.
- He also directly owns 129,600 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to receive and vest stock options or restricted stock units as part of their compensation packages.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 06/14/2024 | Closing price of the Company's Common Stock was $17.65. |
| 06/18/2024 | Date of signature by Power of Attorney. |
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