CFO at NETSCOUT (NASDAQ: NTCT) gains 2,400 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NETSCOUT SYSTEMS INC EVP & Chief Financial Officer Anthony John Piazza reported routine equity compensation activity. On June 6, 2026, restricted stock units covering 2,400 shares of Common Stock vested, and he acquired the same number of shares at a stated price of $0.00 per share.
To cover related tax obligations upon this vesting, 705 shares of Common Stock were withheld, based on the closing price of $40.59 on June 5, 2026. Following these transactions, he directly holds 26,343 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,400 shares exercised/converted
Mixed
3 txns
Insider
Piazza Anthony John
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,400 | $0.00 | -- |
| Exercise | Common Stock | 2,400 | $0.00 | -- |
| Tax Withholding | Common Stock | 705 | $40.59 | $29K |
Holdings After Transaction:
Restricted Stock Unit — 42,800 shares (Direct, null);
Common Stock — 27,048 shares (Direct, null)
Footnotes (1)
- The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person. Price is N/A. The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units. Represents the closing price of the Company's Common Stock on June 5, 2026. June 6, 2026 Date is N/A.
Key Figures
RSU shares vested: 2,400 shares
Shares withheld for tax: 705 shares
Post-transaction holdings: 26,343 shares
+2 more
5 metrics
RSU shares vested
2,400 shares
Restricted Stock Units converted to Common Stock on June 6, 2026
Shares withheld for tax
705 shares
Common Stock withheld to satisfy tax obligations on RSU vesting
Post-transaction holdings
26,343 shares
Common Stock directly owned after June 6, 2026 transactions
Price reference for withholding
$40.59 per share
Closing price of Common Stock on June 5, 2026
Holdings after RSU exercise
27,048 shares
Common Stock directly owned immediately after RSU exercise, before tax withholding
Key Terms
Restricted Stock Unit, tax withholding obligation, derivative security
3 terms
Restricted Stock Unit financial
"The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock units."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did NETSCOUT (NTCT) CFO Anthony John Piazza report in this Form 4?
Anthony John Piazza reported vesting of restricted stock units into 2,400 NETSCOUT common shares. As part of this compensation event, some shares were withheld for taxes, and his direct ownership following the transactions totaled 26,343 common shares.