NETSCOUT (NTCT) Director Shannon Nash Receives RSU Award, Converts Shares
$NTCT · NETSCOUT SYSTEMS INCResearch Summary
AI-generated summary of this SEC filing
NETSCOUT (NTCT) Director Shannon Nash Receives RSU Award, Converts Shares
What Happened
Shannon Nash, a director of NETSCOUT Systems, had 7,000 restricted stock units (RSUs) marked as granted/awarded on 09/09/2026 (price $0.00) that vested and were converted into common shares on 09/10/2026. The filing shows a corresponding disposition of 7,000 shares on 09/10/2026. The award/vesting (derivative) activity is reported rather than an open-market purchase; no cash value or sale price is provided in the filing.
Key Details
- Transaction dates: RSU award/vesting recorded 09/09/2026; conversion/exercise and disposition recorded 09/10/2026. Filing date: 2026-09-11.
- Prices: Award listed at $0.00 (typical for RSUs); exercise/conversion and disposition prices are reported as N/A in the filing.
- Shares involved: 7,000 RSUs vested → 7,000 shares converted; 7,000 shares disposed.
- Shares owned after transaction: Not specified in the provided filing extract.
- Notable footnotes:
- F1: Shares were acquired upon vesting of previously granted RSUs.
- F3: The shares are held by a trust for which Ms. Nash and her spouse serve as co‑trustees.
- F4: The RSUs were subject to an attendance-based vesting condition (attendance requirement during the company’s 2027 fiscal year) and, if unmet, could defer vesting until 09/09/2029; vesting is also subject to continuous service.
- F2/F5/F6: Filing notes price/date N/A where applicable; conversion/disposition date shown as 09/10/2026.
- Timeliness: Filing (09/11/2026) appears timely relative to the reported transaction dates.
Context
RSUs are a form of equity award that convert into company shares when they vest; the filing records both the vesting/award and the conversion (derivative exercise). The reported disposition means the shares were transferred or sold, but the filing does not state the reason (e.g., sale to cover taxes, transfer to trust, or open-market sale). This report is primarily informative about compensation-related equity vesting for a director rather than an investment buy signal.