NETGEAR (NASDAQ: NTGR) CEO covers taxes with 4,598 withheld shares
Rhea-AI Filing Summary
NETGEAR, INC. Chief Executive Officer Charles J. Prober had 4,598 shares of common stock withheld by the company on July 31, 2026 at $24.16 per share to satisfy tax withholding obligations on vesting restricted stock units. After this tax withholding, he holds 426,294 shares directly, plus additional indirect holdings through the Prober 2025 and 2026 NTGR GRATs.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 4,598 shares
Net Sell
3 txns
Insider
Prober Charles J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 4,598 | $24.16 | $111K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 426,294 shares (Direct);
Common Stock — 287,333 shares (Indirect, See footnote)
Footnotes (3)
- F1. Represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of previously reported restricted stock units.
- F2. The shares are held by the Prober 2026 NTGR GRAT.
- F3. The shares are held by the Prober 2025 NTGR GRAT.
Key Figures
Shares withheld for taxes: 4,598 shares
Per-share value for tax withholding: $24.16 per share
Direct holdings after transaction: 426,294 shares
3 metrics
Shares withheld for taxes
4,598 shares
Common stock withheld on July 31, 2026 to satisfy tax withholding obligations
Per-share value for tax withholding
$24.16 per share
Value applied to 4,598 shares withheld for tax obligations
Direct holdings after transaction
426,294 shares
Common shares held directly by Charles J. Prober following the tax-withholding disposition
Key Terms
restricted stock units, tax withholding obligations, GRAT
3 terms
restricted stock units financial
"vesting and settlement of previously reported restricted stock units"
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.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations in connection"
GRAT financial
"The shares are held by the Prober 2026 NTGR GRAT."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity event did NETGEAR (NTGR) report for CEO Charles Prober?
NETGEAR reported that 4,598 shares of common stock were withheld from CEO Charles Prober at $24.16 per share to cover tax obligations on vesting restricted stock units, leaving him with 426,294 shares held directly.