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
- On June 15, 2024, Michael Szabados, the Chief Operating Officer of NetScout Systems, Inc., reported transactions involving the company's common stock.
- Szabados acquired 6,300 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, 1,856 shares were withheld to satisfy tax obligations related to the vesting.
- Following these transactions, Szabados beneficially owns 49,934 shares of NetScout Systems common stock.
- The price per share for the tax withholding was $17.65, representing the closing price on June 14, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Closing price of NetScout Systems common stock was $17.65. |
| 06/15/2024 | Date of restricted stock units vesting and tax withholding. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.