NetScout director adds 7,000 shares, new RSUs
A NETSCOUT director reported RSU vesting into common shares and a new conditional RSU grant, reflecting routine equity compensation changes.
Rhea-AI Filing Summary
NETSCOUT SYSTEMS INC (NTCT) director Christopher Perretta reported equity compensation activity involving restricted stock units and common stock. On September 10, 2026, 7,000 restricted stock units previously granted to him vested and were converted into 7,000 shares of common stock, bringing his direct holdings to 47,866 shares. On September 9, 2026, he also received a new grant of 7,000 restricted stock units at $0.00 per unit, which will vest on the first anniversary of the grant date if specified Board and committee meeting attendance conditions during the company’s 2027 fiscal year are met, or instead on September 9, 2029, subject in each case to his continuous service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,000 shares exercised/converted
Exercise
3 txns
Insider
Perretta Christopher
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F2, F5, F4 | 7,000 | -- | -- |
| Exercise | Common Stock F1, F2 | 7,000 | -- | -- |
| Grant/Award | Restricted Stock Unit F2, F3, F4 | 7,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 7,000 contracts (Direct);
Common Stock — 47,866 shares (Direct)
Footnotes (5)
- F1. The shares of Common Stock were acquired upon the vesting of certain restricted stock units previously granted to the reporting person.
- F2. Price is N/A.
- F3. All of the Restricted Stock Units vest on the first anniversary of the date of grant, provided that the reporting person attends at least 75% of the meetings, collectively, of the Board and any committee of the Board of which the reporting person is a member which are held during the corporation's 2027 fiscal year; provided that, in the event that the attendance requirements are not met, the Restricted Stock Units will not become vested until 09/09/2029; subject, in each case, to the reporting person's continuous service with the corporation through the applicable vesting date.
- F4. Date is N/A.
- F5. 09/10/2026
Key Figures
RSUs vested and converted: 7,000 units/shares
Common shares held after transactions: 47,866 shares
New RSU grant: 7,000 units
+3 more
6 metrics
RSUs vested and converted
7,000 units/shares
Restricted stock units vested and converted into common stock on September 10, 2026
Common shares held after transactions
47,866 shares
Direct holdings of common stock following the September 10, 2026 vesting
New RSU grant
7,000 units
Restricted stock units granted on September 9, 2026
RSU grant price per unit
$0.00 per unit
Price for the 7,000 restricted stock units granted on September 9, 2026
Attendance condition
75% of meetings
Required Board and committee meeting attendance during NETSCOUT’s 2027 fiscal year for RSU vesting on first anniversary
Alternative vesting date
September 9, 2029
Later vesting date if attendance condition not met, subject to continuous service
Key Terms
Restricted Stock Unit, vest, continuous service, fiscal year
4 terms
Restricted Stock Unit financial
"The shares of Common Stock were acquired upon the vesting of certain restricted stock units"
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.
vest financial
"All of the Restricted Stock Units vest on the first anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject, in each case, to the reporting person's continuous service with the corporation"
fiscal year financial
"held during the corporation's 2027 fiscal year"
A fiscal year is a 12-month period that companies and governments use for financial planning and reporting, which might not match the calendar year (January to December). It’s like a school year that starts in one month and ends in another—helping organizations track their income, expenses, and budgets over a specific period.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did NTCT director Christopher Perretta report on this Form 4?
He reported 7,000 restricted stock units vesting into 7,000 shares of common stock on September 10, 2026, and a new grant of 7,000 restricted stock units on September 9, 2026, as part of his equity compensation.
What are the vesting conditions for the new RSU grant reported by NTCT?
The 7,000 new restricted stock units granted on September 9, 2026 vest on the first anniversary of the grant date if he attends at least 75% of Board and committee meetings during NETSCOUT’s 2027 fiscal year, or otherwise on September 9, 2029, subject to continuous service.
Were the NETSCOUT (NTCT) transactions under a Rule 10b5-1 trading plan?
The Form 4 indicates that no Rule 10b5-1 trading plan is affirmed for these transactions; they are reported as equity compensation events rather than trades under a pre-arranged plan.
What was the price per unit for the new NETSCOUT RSU grant?
The filing states the price per restricted stock unit was $0.00 for the 7,000-unit grant on September 9, 2026, consistent with a typical equity compensation award rather than a purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
