Form 4: Netscout Systems Director John R. Egan Reports Stock Transactions
SEC Form 4 Filing
Director John R. Egan reported the vesting and acquisition of 7,000 shares of Netscout Systems Inc. common stock related to restricted stock units.
Summary
- On September 14, 2024, John R. Egan, a director of Netscout Systems Inc., reported transactions involving the company's stock.
- The transactions involved the vesting of 7,000 restricted stock units, resulting in the acquisition of 7,000 shares of common stock.
- Following the reported transactions, Egan directly owns 98,740 shares of Netscout Systems Inc. common stock and 7,000 restricted stock units.
- The restricted stock units vest on the first anniversary of the grant date (September 12, 2024), contingent on meeting attendance requirements and continuous service through the vesting date.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of grant for restricted stock units. |
| 09/14/2024 | Date of restricted stock unit vesting and stock acquisition. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
| 09/12/2025 | First anniversary of the grant date, when the Restricted Stock Units vest. |
| 09/12/2027 | Date the Restricted Stock Units will not become vested if attendance requirements are not met. |
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