Form 4: Netscout Systems Executive John Downing Reports Stock Transactions
SEC Form 4 Filing
John Downing, EVP of World-Wide Sales at Netscout Systems, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On June 15, 2024, John Downing, EVP of World-Wide Sales at Netscout Systems, Inc., reported transactions involving the company's common stock.
- Downing acquired 5,400 shares of common stock upon the vesting of restricted stock units.
- Simultaneously, 1,591 shares were withheld to satisfy tax obligations related to the vesting.
- The closing price of Netscout's common stock on June 14, 2024, was $17.65.
- Following these transactions, Downing directly owns 135,837 shares of common stock and 64,800 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of vesting of restricted stock units and related transactions. |
| 06/14/2024 | Closing price of NTCT common stock was $17.65. |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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