4//SEC Filing
WERDANN MICHAEL A 4
Accession 0000950170-24-054318
CIK 0001122904other
Filed
May 6, 8:00 PM ET
Accepted
May 7, 2:20 PM ET
Size
14.5 KB
Accession
0000950170-24-054318
Insider Transaction Report
Form 4
NETGEAR, INC.NTGR
WERDANN MICHAEL A
VP, North America Sales
Transactions
- Sale
Common Stock
2024-05-06$12.15/sh−9,244$112,315→ 79,668 total
Holdings
- 12,500
Performance Restricted Units
→ Common Stock (12,500 underlying) - 18,000
Employee Stock Option (Right to Buy)
Exercise: $41.67Exp: 2028-01-25→ Common Stock (18,000 underlying) - 16
Employee Stock Option (Right to Buy)
Exercise: $18.58Exp: 2025-06-02→ Common Stock (16 underlying) - 41
Employee Stock Option (Right to Buy)
Exercise: $23.48Exp: 2026-03-24→ Common Stock (41 underlying) - 821
Employee Stock Option (Right to Buy)
Exercise: $25.37Exp: 2027-06-01→ Common Stock (821 underlying) - 13,750
Employee Stock Option (Right to Buy)
Exercise: $26.61Exp: 2029-07-19→ Common Stock (13,750 underlying)
Footnotes (6)
- [F1]The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2023.
- [F2]The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
- [F3]25% of the option grant is exercisable on 6/2/2016, and 1/48 of the option grant is exercisable each month thereafter.
- [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, 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]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.
- [F6]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
- May 6, 8:00 PM ET
- Accepted
- May 7, 2:20 PM ET
- Size
- 14.5 KB