4//SEC Filing
WERDANN MICHAEL A 4
Accession 0000950170-24-049656
CIK 0001122904other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 1:36 PM ET
Size
14.3 KB
Accession
0000950170-24-049656
Insider Transaction Report
Form 4
NETGEAR, INC.NTGR
WERDANN MICHAEL A
VP, North America Sales
Transactions
- Award
Common Stock
2024-04-27+37,500→ 93,730 total
Holdings
- 16
Employee Stock Option (Right to Buy)
Exercise: $18.58Exp: 2025-06-02→ Common Stock (16 underlying) - 13,750
Employee Stock Option (Right to Buy)
Exercise: $26.61Exp: 2029-07-19→ Common Stock (13,750 underlying) - 12,500
Performance Restricted Units
→ Common Stock (12,500 underlying) - 41
Employee Stock Option (Right to Buy)
Exercise: $23.48Exp: 2026-03-24→ Common Stock (41 underlying) - 18,000
Employee Stock Option (Right to Buy)
Exercise: $41.67Exp: 2028-01-25→ Common Stock (18,000 underlying) - 821
Employee Stock Option (Right to Buy)
Exercise: $25.37Exp: 2027-06-01→ Common Stock (821 underlying)
Footnotes (5)
- [F1]One-third (1/3rd) of the RSUs will vest on the one-year anniversary of the Grant Date, and one-twelfth (1/12th) of the RSUs will vest each quarter thereafter on the quarterly anniversary of the Grant Date (or if there is no corresponding day, on the last day of the quarter), provided that Participant (as defined in the Plan) continues to be a Service Provider (as defined in the Plan) through such date.
- [F2]25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
- [F3]This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
- [F4]This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, June 1, 2017, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates.
- [F5]PSUs will become eligible to vest ("Eligible PSUs") based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix (the "Performance Goal") during the performance period beginning on Grant Date and ending on December 31, 2026 (the "Performance Period") or Adjusted Performance Period (as defined below). 100% of the Eligible PSUs (if any) will vest on the three-year anniversary of the Grant Date (the "Vesting Date"), provided that Participant continues to be a Service Provider through the Vesting Date; provided, however, that the vesting of the Eligible PSUs may be accelerated pursuant to (i) Section 16(c) of the Plan and (ii) the Change in Control and Severance Agreement by and between the Company and Participant (the "Severance Agreement"). In no event shall any Eligible PSUs vest following termination of Participant's status as a Service Provider, except pursuant to the Severance Agreement.
Documents
Issuer
NETGEAR, INC.
CIK 0001122904
Entity typeother
Related Parties
1- filerCIK 0001274461
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 1:36 PM ET
- Size
- 14.3 KB