Form 4: NETSCOUT Systems Executive John Downing Reports RSU Vesting and Tax Withholding

NETSCOUT Systems, Inc. EVP of World-Wide Sales, John Downing, reported the vesting of 5,400 restricted stock units and the subsequent withholding of 1,591 shares for tax obligations on June 6, 2025.

Summary

• John Downing, EVP, World-Wide Sales at NETSCOUT Systems, Inc. (NTCT), reported transactions involving company common stock on June 6, 2025.
• 5,400 restricted stock units (RSUs) previously granted to Mr. Downing vested, resulting in the acquisition of 5,400 shares of Common Stock.
• Concurrently, 1,591 shares of Common Stock were disposed of at a price of $23.22 per share to satisfy tax withholding obligations related to the RSU vesting. This price represents the closing price of the Company's Common Stock on June 5, 2025.
• Following these transactions, Mr. Downing directly beneficially owns 135,923 shares of Common Stock and 67,500 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The transaction reflects the routine vesting of executive compensation, which is a positive for the executive and aligns their interests with shareholders. The tax withholding is a standard part of such transactions.

Positives

• The vesting of 5,400 restricted stock units indicates a successful milestone for the executive's compensation plan.
• The acquisition of 5,400 shares of Common Stock increases the executive's direct ownership in the company, aligning his interests with those of shareholders.

Negatives

• 1,591 shares of Common Stock were withheld to cover tax obligations, reducing the net shares acquired by the executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting and subsequent tax withholding are routine events that slightly increase the executive's direct ownership, aligning interests.
• Employees/Executives: John Downing benefits from the vesting of his restricted stock units, realizing a portion of his long-term incentive compensation.

Key Dates

Keywords

NETSCOUT Systems, NTCT, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Tax Withholding