0000950170-24-067055.txt : 20240531
0000950170-24-067055.hdr.sgml : 20240531
20240531122731
ACCESSION NUMBER: 0000950170-24-067055
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240530
FILED AS OF DATE: 20240531
DATE AS OF CHANGE: 20240531
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cormack Heidi
CENTRAL INDEX KEY: 0001771750
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50350
FILM NUMBER: 241008638
MAIL ADDRESS:
STREET 1: 350 E. PLUMERIA DR.
CITY: SAN JOSE
STATE: CA
ZIP: 95134
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NETGEAR, INC.
CENTRAL INDEX KEY: 0001122904
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 770419172
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 350 EAST PLUMERIA DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 4089078000
MAIL ADDRESS:
STREET 1: 350 EAST PLUMERIA DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
FORMER COMPANY:
FORMER CONFORMED NAME: NETGEAR, INC
DATE OF NAME CHANGE: 20060828
FORMER COMPANY:
FORMER CONFORMED NAME: NETGEAR INC
DATE OF NAME CHANGE: 20000828
4
1
ownership.xml
4
X0508
4
2024-05-30
true
0001122904
NETGEAR, INC.
NTGR
0001771750
Cormack Heidi
350 E. PLUMERIA DR.
SAN JOSE
CA
95134
false
true
false
false
Chief Marketing Officer
true
Common Stock
2024-05-30
4
S
false
4687
13.52
D
83611
D
Employee Stock Option (Right to Buy)
41.67
2028-01-25
Common Stock
25253
25253
D
Common Stock
26.61
2029-07-19
Common Stock
54577
54577
D
Performance Restricted Units
Common Stock
10000
10000
D
The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2024.
The price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold. Upon request from the Commission staff, the Issuer, or a security holders of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
For the RSUs with a commencement date of April 30, 2024, One-third (1/3rd) of the RSUs will vest on the one-year anniversary of the vesting commencement date, and one-twelfth (1/12th) of the RSUs will vest each quarter thereafter on the quarterly anniversary of the vesting commencement date (or if there is no corresponding day, on the last day of the quarter), provided that Participant (as defined in the Plan) continues to be a Service Provider (as defined in the Plan) through such date.
This Option shall be exercisable, in whole or in part, in accordance with the following schedule: 25% of the Shares subject to the Option shall vest twelve months after the Vesting Start Date, and 1/48 of the Shares subject to the Option shall vest each month thereafter, subject to the Optionee continuing to be a Service Provider on such dates
PSUs will become eligible to vest ("Eligible PSUs") based upon the level of achievement of the performance-based vesting condition set forth in the Performance Matrix (the "Performance Goal") during the performance period beginning on Grant Date and ending on December 31, 2026 (the "Performance Period") or Adjusted Performance Period (as defined below).
100% of the Eligible PSUs (if any) will vest on the three-year anniversary of the Grant Date (the "Vesting Date"), provided that Participant continues to be a Service Provider through the Vesting Date; provided, however, that the vesting of the Eligible PSUs may be accelerated pursuant to (i) Section 16(c) of the Plan and (ii) the Change in Control and Severance Agreement by and between the Company and Participant (the "Severance Agreement"). In no event shall any Eligible PSUs vest following termination of Participant's status as a Service Provider, except pursuant to the Severance Agreement.
/s/ Andrew Kim
2024-05-31