NETSCOUT (NTCT) Director John R. Egan Receives and Converts 7,000 Shares

What Happened

• John R. Egan, a director of NETSCOUT Systems, had 7,000 restricted stock units (RSUs) record as an award and then converted those RSUs into 7,000 shares. The filing shows an award on 09/09/2026 (7,000 RSUs at $0.00) and a conversion/exercise and corresponding disposition on 09/10/2026. The Form 4 lists prices as N/A and does not disclose a total dollar value.

Key Details

• Transactions: Award (Code A) of 7,000 RSUs on 09/09/2026; Exercise/Conversion (Code M) acquiring 7,000 shares and a matching disposal of 7,000 shares on 09/10/2026.
• Price/value: Reported as N/A; no dollar amount disclosed in the filing.
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes: F1 — shares were acquired upon vesting of previously granted RSUs. F3 — RSUs vesting is conditional (all RSUs vest on the first anniversary of grant subject to ~75% board/committee meeting attendance during the company’s FY2027, or else vesting delayed until 09/09/2029; also requires continuous service).
• Filing/timeliness: Form filed 09/11/2026 (reporting period 09/09/2026); filing appears timely based on reported dates.

Context

• The filing combines an award (RSUs vesting) and a conversion/disposition. "M" (exercise/conversion) here reflects conversion of vested RSUs into common stock; the simultaneous disposal is reported but the form does not state the sale price or whether the disposition was a sale, transfer, or tax withholding. Such award-and-then-dispose entries are often routine (e.g., issuance upon vesting and immediate transfer) but the filing itself does not state the insider’s motivation.