Form 4: Netscout Systems COO Michael Szabados Reports Stock Transactions
SEC Form 4 Filing
Michael Szabados, Chief Operating Officer of Netscout Systems, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Michael Szabados, the Chief Operating Officer of Netscout Systems, Inc., filed a Form 4 on October 29, 2024, reporting changes in beneficial ownership of the company's stock.
- On October 26, 2024, restricted stock units vested, resulting in the acquisition of 7,875 shares of common stock.
- Also on October 26, 2024, 2,320 shares were withheld to satisfy tax obligations at a price of $20.64 per share.
- Following these transactions, Szabados directly owns 48,989 shares of Netscout Systems common stock.
- Szabados also holds 67,725 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to 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.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 10/26/2024 | Restricted stock units vested, and shares were withheld for tax obligations. |
| 10/29/2024 | Form 4 filing date. |
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