Form 4: Netscout Systems Director Marlene Pelage Reports Stock Transactions
SEC Form 4 Filing
Director Marlene Pelage reports acquisition and disposal of Netscout Systems stock and restricted stock units.
Summary
- Marlene Pelage, a director of Netscout Systems, reported transactions involving the company's stock and restricted stock units.
- On September 14, 2024, 7,000 shares of common stock were acquired upon the vesting of restricted stock units.
- Following the reported transactions, Ms. Pelage directly owns 11,085 shares of common stock.
- Ms. Pelage also holds 7,000 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of grant for restricted stock units. |
| 09/14/2024 | Date of stock acquisition upon vesting of restricted stock units. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
| 09/12/2025 | First anniversary of the grant date, potential vesting date for restricted stock units. |
| 09/12/2027 | Latest possible vesting date for restricted stock units if attendance requirements are not met. |
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