Form 4: NetScout Systems Executive John Downing Reports Stock Transactions
SEC Form 4 Filing
EVP John Downing of NetScout Systems reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- John Downing, EVP of World-Wide Sales at NetScout Systems, reported transactions involving the company's common stock on October 26, 2024.
- Downing acquired 6,750 shares of common stock upon the vesting of restricted stock units.
- 1,988 shares were withheld to satisfy tax obligations related to the vesting.
- The closing price of NetScout's common stock on October 25, 2024, was $20.64.
- Following the reported transactions, Downing beneficially owns 136,352 shares of common stock directly and 58,050 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This 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 the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Closing price of NTCT common stock was $20.64 |
| 10/26/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding |
| 10/29/2024 | Date of signature on the Form 4 filing |
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