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NETSCOUT SYSTEMS INC — Director's Dealing 2024
Jun 10, 2024
31747_dirs_2024-06-10_a2e4392f-ea59-4762-ae6d-07ba18f2d71d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NETSCOUT SYSTEMS INC (NTCT)
CIK: 0001078075
Period of Report: 2024-06-06
Reporting Person: BUA JEAN A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-06 | Common Stock | M | 10080 | — | Acquired | 96963 | Direct |
| 2024-06-06 | Common Stock | F | 2969 | $19.03 | Disposed | 93994 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-06 | Performance Stock Unit | $ | M | 10080 | Disposed | Common Stock (10080) | Direct | |
| 2024-06-06 | Restricted Stock Unit | $ | A | 21600 | Acquired | Common Stock (21600) | Direct | |
| 2024-06-06 | Performance Stock Unit | $ | A | 14400 | Acquired | Common Stock (14400) | Direct |
Footnotes
F1: The shares of Common Stock were acquired upon the vesting of certain performance stock units previously granted to the reporting person.
F2: The price is N/A.
F3: The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units.
F4: Represents the closing price of the Company's Common Stock on June 5, 2024.
F5: The restricted stock units vest in four equal annual installments with the first installment vesting on June 6, 2025.
F6: Date is N/A.
F7: The performance stock units shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 6, 2024, and ending on June 5, 2027.
F8: On June 3, 2021, the reporting person was granted 18,000 performance stock units (the "Prior PSUs"), which shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on June 4, 2021, and ending on June 3, 2024. On June 6, 2024, the Compensation Committee of the Board determined that 56% of the Prior PSUs shall vest.