06/04/2025 | Press release | Distributed by Public on 06/04/2025 19:58
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Unit | (1) | (2) | Common Stock | 41,100 | (3) | D | |
Performance Stock Unit | (4) | (2) | Common Stock | 12,000 | (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Piazza Anthony John C/O NETSCOUT SYSTEMS, INC. 310 LITTLETON ROAD WESTFORD, MA 01886 |
EVP & Chief Financial Officer |
/s/ Eric Watt, Attorney-in-Fact | 06/04/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 18,000 restricted stock units ("RSUs") vest in four equal annual installments with the first installment vesting on May 6, 2026; 9,600 RSUs vest in four equal annual installments with the first installment vesting on June 6, 2025; 6,000 RSUs vest in three equal annual installments with the first installment vesting on June 15, 2025; 5,000 RSUs vest in two equal annual installments with the first installment vesting on August 25, 2025; and 2,500 RSUs vest on June 2, 2025. |
(2) | Date is N/A. |
(3) | The price is N/A. |
(4) | The performance stock units 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 May 6, 2025, and ending on May 5, 2028. |