NETGEAR (NTGR) SVP Jonathan Oakes awarded 45,892 RSUs and PRSUs
Rhea-AI Filing Summary
Oakes Jonathan Russell reported acquisition or exercise transactions in this Form 4 filing.
NETGEAR, INC. senior vice president Jonathan Russell Oakes reported stock-based compensation awards rather than open-market trades. He received 22,946 Performance Restricted Stock Units, each tied to an equal number of common shares, and a separate grant of 22,946 shares of Common Stock as restricted stock units, all at a stated price of $0.00 per share.
One-third of the time-based restricted stock units will vest on April 30, 2027, with the remaining two-thirds vesting in equal quarterly installments thereafter, so long as he continues to be a Service Provider under the 2025 Equity Incentive Plan. The performance restricted stock units will become eligible to vest based on performance criteria measured from April 2, 2026 through December 31, 2028, with any earned units vesting on the three-year anniversary of the grant date, again contingent on continued service. Following these grants, Oakes directly holds 85,446 shares of NETGEAR common stock.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 22,946 | $0.00 | -- |
| Grant/Award | Common Stock | 22,946 | $0.00 | -- |
Footnotes (1)
- 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. 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.