SZABADOS MICHAEL 4
4 · NETSCOUT SYSTEMS INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
NETSCOUT (NTCT) Director Michael Szabados Sells 4,000 Shares
What Happened
Michael Szabados, a director of NETSCOUT Systems, sold 4,000 shares of NETSCOUT common stock on February 18, 2026 at $29.18 per share, generating proceeds of $116,720. The sale was reported on a Form 4 filed February 20, 2026 and is recorded as an open-market transaction (Disposition).
Key Details
- Transaction date and price: February 18, 2026 — 4,000 shares at $29.18 each (total $116,720).
- Filing date: Form 4 filed February 20, 2026 (two days after the trade), which appears timely under Form 4 rules.
- Shares/units after transaction: The filing references performance stock units (PSUs) adjustments; see footnote F4 regarding PSUs held after forfeiture of 27,240 unachieved PSUs. (No explicit common-share post-sale balance was provided in the summary information.)
- Notable footnotes:
- F1: Shares were sold pursuant to a 10b5‑1 trading plan adopted May 23, 2025 (prearranged sale).
- F3/F4: Prior PSUs granted Oct 26, 2022 (18,000) were subject to relative TSR vesting; Compensation Committee determined 0% vested on Nov 3, 2025, and 27,240 unachieved PSUs were forfeited (per F4).
- F2: Indicates a price is N/A for an item in the filing (likely relates to PSU entries, not the open-market sale).
Context
A sale executed under a 10b5‑1 plan is a preplanned transaction and is generally treated as routine rather than a direct signal of the insider’s view on the company. For retail investors, purchases typically carry more informational weight than routine sales; this filing documents a scheduled disposal and includes PSU adjustments determined by the Compensation Committee.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-02-18$29.18/sh−4,000$116,720→ 36,494 total
- 33,600
Performance Stock Unit
[F2][F3][F4]→ Common Stock (33,600 underlying)
Footnotes (4)
- [F1]The shares of Common Stock were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on May 23, 2025.
- [F2]The price is N/A.
- [F3]On October 26, 2022, the reporting person was granted 18,000 performance stock units (the "Prior PSUs"), which shall vest in a range of 0% to 100% upon the determination of the Compensation Committee of the Board of the attainment of the required relative total shareholder return over the 36-month period commencing on October 26, 2022, and ending on October 25, 2025. On November 3, 2025, the Compensation Committee of the Board determined that 0% of the Prior PSUs shall vest.
- [F4]Reflects the number of performance stock units ("PSUs") held by the Reporting Person after the forfeiture of 27,240 unachieved PSUs.