NETGEAR (NTGR) awards 7,779 restricted stock units to director Laura Orvidas
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orvidas Laura reported acquisition or exercise transactions in this Form 4 filing.
NETGEAR, INC. director Laura Orvidas received a grant of 7,779 restricted stock units (RSUs) of common stock at no purchase price. These RSUs will vest 100% on the date of the company’s 2027 Annual Meeting of Stockholders, if she continues serving on the Board through that date. Following this equity award, she directly holds 25,690 shares of NETGEAR common stock, reflecting her ongoing ownership stake as a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Orvidas Laura
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,779 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,690 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 7,779 units
Grant price: $0.00 per share
Post-grant holdings: 25,690 shares
+1 more
4 metrics
RSU grant size
7,779 units
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Equity award granted at no purchase price
Post-grant holdings
25,690 shares
Common stock directly held after the RSU award
Vesting timing
2027 Annual Meeting
100% of RSUs vest on 2027 Annual Meeting date
Key Terms
restricted stock units, Annual Meeting of Stockholders, Board of Directors
3 terms
restricted stock units financial
"Represents the grant of restricted stock units, 100% of which will vest..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Annual Meeting of Stockholders financial
"will vest on the date of the Company's 2027 Annual Meeting of Stockholders..."
Board of Directors financial
"provided that the Reporting Person continues to serve as a member of the Company's Board of Directors..."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did NETGEAR (NTGR) director Laura Orvidas receive in this Form 4 filing?
Laura Orvidas received a grant of 7,779 restricted stock units of NETGEAR common stock. The units were granted at no purchase price as equity compensation for her service on the company’s Board of Directors.
When do Laura Orvidas’s 7,779 NETGEAR RSUs vest according to the Form 4?
All 7,779 restricted stock units vest on the date of NETGEAR’s 2027 Annual Meeting of Stockholders. Vesting is contingent on Laura Orvidas continuing to serve as a member of the Board of Directors through that meeting date.
Is the NETGEAR RSU grant to Laura Orvidas a market purchase or sale?
The transaction is a grant of restricted stock units, not a market trade. The RSUs were awarded at a price of $0.00 per share as compensation, rather than being bought or sold on the open market.
What condition must be met for Laura Orvidas’s NETGEAR RSUs to vest?
The RSUs vest only if Laura Orvidas continues to serve on NETGEAR’s Board of Directors. She must remain a director through the date of the company’s 2027 Annual Meeting of Stockholders for the 7,779 units to fully vest.