NETSCOUT (NTCT) Director Joseph Hadzima Receives & Converts 7,000 RSUs

What Happened
Director Joseph G. Hadzima Jr. had 7,000 restricted stock units (RSUs) reported as awarded/vested and then converted to common stock. The filing shows the RSUs were recorded on 2026-09-09 (award/vesting) and a conversion/exercise and a corresponding disposition of 7,000 derivative shares on 2026-09-10. No dollar price/value is reported for the transactions.

Key Details

• Filing: Form 4 filed 2026-09-11 (Accession 0001078075-26-000137).
• Transactions reported:
  • 2026-09-09: Award/Grant (A) of 7,000 RSUs (price $0.00 per footnote; derivative).
  • 2026-09-10: Exercise/conversion (M) of 7,000 RSUs into common shares (acquired) and a corresponding disposition of 7,000 shares the same day.
• Price/value: Not reported (filing notes price N/A).
• Shares owned after transaction: Not specified in this filing.
• Notable footnote: The shares were acquired upon vesting of previously granted RSUs. Vesting was subject to attendance and continuous service conditions—all RSUs vest on the first anniversary of the grant if the director attends at least 75% of board/committee meetings during fiscal 2027; otherwise vesting is deferred until 09/09/2029, subject to continued service.
• Timeliness: Transaction dates (9/09–9/10) and Form 4 filing date (9/11/2026) are shown; the filing appears to have been submitted promptly.

Context

• This sequence reflects RSU vesting and conversion to common stock with an immediate reported disposition. The filing does not state whether the disposition was a market sale, tax withholding, or another type of transfer, and no monetary amount is provided—so no inference on dollar value or trading intent can be made.