NETGEAR President David J. Henry departs Dec 31, 2024; receives $550K severance

NETGEAR, INC.

David J. Henry, President & GM of Connected Home Products, separated on Dec 31, 2024.
Severance includes $550,000 lump sum (12 months base salary) plus COBRA reimbursement for 12 months.
Unvested time-based RSUs accelerate as if employment continued 12 months; performance-based RSUs vest if metrics met.
Henry eligible for 2H 2024 bonus at company's discretion, paid with other qualifying employees.
Separation was previously announced; terms consistent with 2018 Severance Agreement.

item 5.02 item 9.01

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Departed

David J. Henry

President and General Manager of Connected Home Products and Services

NTGR · NETGEAR, INC.

Effective: 2024-12-31
Filed: January 7, 2025, 6:59 PM ET

David J. Henry, President and General Manager of Connected Home Products and Services of NETGEAR, Inc. (the “Company”), separated from employment with the Company on December 31, 2024

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Executive change SEC 8-K Item 5.02 confidence 0.95

David J. Henry departed as President and General Manager of Connected Home Products and Services at NETGEAR, INC..

Action: separated
Role: President and General Manager of Connected Home Products and Services

Exact text from the filing

David J. Henry, President and General Manager of Connected Home Products and Services of NETGEAR, Inc. (the “Company”), separated from employment with the Company on December 31, 2024

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NETGEAR, INC. filing history →

Source: SEC EDGAR

accession 0000950170-25-002826

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