NETSCOUT SYSTEMS INC — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 22/100
What the filing says
Michael Szabados' transition agreement (originally set to end June 30, 2026) was amended to extend his tenure as non-employee advisor through full vesting of his RSUs, with no additional compensation beyond continued equity vesting. If terminated without Cause during the post-advisor period, his RSUs accelerate by 12 months. The filing also includes standard PSU award terms under the 2019 Equity Incentive Plan with performance metrics tied to relative TSR vs. Russell 2000 Index (threshold -44 pts = 2% payout; target 5 pts = 100% payout).
Why this rating
Routine executive transition governance; Szabados is not a named executive officer; no dollar amounts disclosed; amendment is administrative extension of existing separation agreement with standard equity mechanics.
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