Netscout (NASDAQ: NTCT) CEO nets 10,368 shares after PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NETSCOUT Systems President & CEO Anil K. Singhal reported equity compensation activity tied to performance stock units. On June 19, 2026, 10,368 performance stock units vested into an equal number of common shares, based on the Compensation Committee’s decision that 36% of a prior 28,800-unit award would vest.
To cover related taxes, 4,609 common shares were withheld at a reference price of $39.67 per share, described as the closing price on June 18, 2026. After these transactions, Singhal directly holds 455,034 common shares and indirectly holds 1,443,960 common shares through various trusts for the benefit of himself and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,368 shares exercised/converted
Mixed
4 txns
Insider
SINGHAL ANIL K
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 10,368 | $0.00 | -- |
| Exercise | Common Stock | 10,368 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,609 | $39.67 | $183K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Unit — 86,400 shares (Direct, null);
Common Stock — 459,643 shares (Direct, null);
Common Stock — 1,443,960 shares (Indirect, See Footnote)
Footnotes (1)
- The shares of Common Stock were acquired upon the vesting of certain performance 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 performance stock units. Represents the closing price of the Company's Common Stock on June 18, 2026. The shares of Common Stock are beneficially owned by various trusts for the benefit of the reporting person and his spouse. 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 15, 2023, and ending on June 14, 2026. Date is N/A. On June 15, 2023, the Reporting Person was granted 28,800 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 15, 2023, and ending on June 14, 2026. On June 19, 2026, the Compensation Committee of the Board determined that 36% of the Prior PSUs shall vest. Reflects the number of performance stock units ("PSUs") held by the Reporting Person after the forfeiture of unachieved PSUs.
Key Figures
PSUs vested: 10,368 shares
Shares withheld for taxes: 4,609 shares
Reference share price: $39.67 per share
+4 more
7 metrics
PSUs vested
10,368 shares
Performance stock units converting to common stock on June 19, 2026
Shares withheld for taxes
4,609 shares
Common shares withheld to satisfy tax obligation on vesting
Reference share price
$39.67 per share
Closing price of common stock on June 18, 2026
Direct holdings after transaction
455,034 shares
Common stock directly held by Anil K. Singhal after June 19, 2026
Indirect holdings via trusts
1,443,960 shares
Common stock beneficially owned by various trusts for Singhal and spouse
Original PSU grant size
28,800 units
Performance stock units granted June 15, 2023
Vesting percentage achieved
36%
Portion of 28,800 prior PSUs determined to vest by Compensation Committee
Key Terms
performance stock units, tax withholding obligation, relative total shareholder return, Compensation Committee, +1 more
5 terms
performance stock units financial
"The shares of Common Stock were acquired upon the vesting of certain performance stock units previously granted"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligation financial
"The shares of Common Stock were withheld to satisfy the reporting person's tax withholding obligation upon the vesting"
Compensation Committee financial
"upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
beneficially owned financial
"The shares of Common Stock are beneficially owned by various trusts for the benefit of the reporting person and his spouse"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What equity award changes did NETSCOUT (NTCT) CEO Anil Singhal report?
He reported vesting of performance stock units. On June 19, 2026, 10,368 performance stock units converted into common shares after the Compensation Committee determined that 36% of a 28,800-unit performance award tied to relative total shareholder return had been achieved.
How was the NETSCOUT (NTCT) performance stock unit award structured for the CEO?
The award was tied to relative total shareholder return. On June 15, 2023, 28,800 performance stock units were granted, vesting from 0% to 100% over a 36-month period ending June 14, 2026, depending on Compensation Committee determination of performance.