Charles J. Prober - 31 Jan 2025 Form 4 Insider Report for NETGEAR, INC. (NTGR)

Role
Chief Exective Officer, Director
Signature
/s/ Kirsten Daru
Issuer symbol
NTGR
Transactions as of
31 Jan 2025
Transactions value $
-$7,856,112
Form type
4
Filing time
03 Feb 2025, 13:46:53 UTC
Previous filing
29 Nov 2024
Next filing
24 Feb 2025
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTGR Common Stock Options Exercise $0 +115,733 +25% $0 571,553 31 Jan 2025 Direct F1
transaction NTGR Common Stock Tax liability -$3,200,017 -115,733 -20% $27.65 455,820 31 Jan 2025 Direct F1
transaction NTGR Common Stock Options Exercise -$1,456,076 -52,661 -12% $27.65 404,866 31 Jan 2025 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTGR Performance Restricted Units Options Exercise -$3,200,017 -115,733 -25% $27.65 340,087 31 Jan 2025 Common Stock 455,820 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-Based RSUs ("PRSUs") granted under 2024 Inducement Plan
F2 RSUs granted under 2024 Inducement Plan
F3 This includes 1707 ESPP shares purchased.
F4 1/3rd of the PSUs will be allocated to a Performance Period (PP) beginning on the date that Participant commenced employment with the Company and ending on December 31, 2024; 1/3rd of the PSUs will be allocated to a PP beginning on January 1, 2025, and ending on December 31, 2025; and 1/3rd of the PSUs will be allocated to a PP on January 1, 2026, and ending on December 31, 2026 based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix during the applicable Performance Period or Adjusted Performance Period, or (ii) pursuant to the "True-Up" section in the Performance Matrix. 100% of the Eligible PSUs (if any) for each Tranche will vest on the anniversary of the Vesting Commencement Date that immediately follows the end of the Performance Period that relates to that Tranche, provided that Participant continues to be a Service Provider through that Vesting Date.