NETGEAR CEO granted 229,464 stock and RSU awards
Prober Charles J. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Prober Charles J. reported acquisition or exercise transactions in this Form 4 filing.
NETGEAR, INC. director and Chief Executive Officer Charles J. Prober reported equity awards rather than market trades. He received a grant of 114,732 Performance Restricted Stock Units, each tied to an equal number of common shares, at a stated price of $0.00 per unit. These performance units may vest based on meeting performance criteria for a period beginning on April 2, 2026 and ending on December 31, 2028, with 100% of eligible units vesting on the third anniversary of the grant date if he continues as a service provider.
He also received a separate grant of 114,732 shares of common stock (or time-based units) at $0.00 per share, with one-third scheduled to vest on April 30, 2027 and the remaining two-thirds vesting in equal quarterly installments thereafter, subject to continued service. Following these awards, Prober holds 448,272 shares of common stock directly, and an additional 287,333 shares are held indirectly by the Prober 2026 NTGR GRAT.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 114,732 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 114,732 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. One-third (1/3rd) of the restricted stock units will vest on April 30, 2027, and one-twelfth (1/12th) of the restricted stock units will vest in equal quarterly installments thereafter, provided that Participant (as defined in the 2025 Equity Incentive Plan, or the Plan) continues to be a Service Provider (as defined in the Plan) through such date.
- F2. Reflects 287,333 shares transfered to the Prober 2026 NTGR GRAT.
- F3. The shares are held by the Prober 2026 NTGR GRAT.
- F4. Performance restricted stock units will become eligible to vest based upon the level of achievement of certain performance-based vesting criteria during the performance period beginning on April 2, 2026 and ending on December 31, 2028. 100% of the eligible performance restricted stock units (if any) will vest on the three-year anniversary of the grant date provided that Participant continues to be a Service Provider through the such date.
Key Figures
Key Terms
Performance Restricted Stock Units financial
Grant, award, or other acquisition financial
2025 Equity Incentive Plan financial
Service Provider financial
GRAT financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did NETGEAR (NTGR) CEO Charles Prober report on this Form 4?
How do Charles Prober’s new NETGEAR (NTGR) performance RSUs vest?
What is the vesting schedule for Charles Prober’s time-based NETGEAR (NTGR) stock grant?
Were any of Charles Prober’s NETGEAR (NTGR) transactions open-market buys or sells?
What is the Prober 2026 NTGR GRAT mentioned in the NETGEAR (NTGR) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.