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NETGEAR, INC. — Director's Dealing 2025
Feb 10, 2025
32299_dirs_2025-02-10_7881b134-19bb-420d-9c4a-cbd2e3b3fc94.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: NETGEAR, INC. (NTGR)
CIK: 0001122904
Period of Report: 2025-01-31
Reporting Person: Prober Charles J. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-31 | Common Stock | M | 227910 | — | Acquired | 685437 | Direct |
| 2025-01-31 | Common Stock | F | 115733 | $27.65 | Disposed | 569704 | Direct |
| 2025-01-31 | Common Stock | F | 52661 | $27.65 | Disposed | 517043 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-31 | Performace Restricted Stock Units | $ | M | 227910 | Disposed | Common Stock (227910) | Direct |
Footnotes
F1: Common stock issued on vesting and conversion of Performance-Based Restricted Stock Units ("PRSUs") granted under the Company's 2024 Inducement Plan, based on achievement in excess of target performance-based vesting conditions for the performance period ending on December 31, 2024.
F2: PRSUs convert into common stock on a one-for-one basis.
F3: Shares owned includes 1,707 shares of common stock purchased under the Company's Employee Stock Purchase Plan on August 15, 2024.
F4: Common stock issued on vesting and conversion of PRSUs granted under the Company's 2024 Inducement Plan and sold to cover taxes.
F5: Common stock issued on vesting and conversion of RSUs granted under the Company's
2024 Inducement Plan and sold to cover taxes.
F6: 1/3rd of the PSUs will be allocated to a Performance Period (PP) beginning on the date that Participant commenced employment with the Company and ending on December 31, 2024; 1/3rd of the PSUs will be allocated to a PP beginning on January 1, 2025, and ending on December 31, 2025; and 1/3rd of the PSUs will be allocated to a PP on January 1, 2026, and ending on December 31, 2026 based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix during the applicable Performance Period or Adjusted Performance Period, or (ii) pursuant to the "True-Up" section in the Performance Matrix. 100% of the Eligible PSUs (if any) for each Tranche will vest on the anniversary of the Vesting Commencement Date that immediately follows the end of the Performance Period that relates to that Tranche, provided that Participant continues to be a Service Provider through that Vesting Date.