secwatch.observer — SEC 8-K summary
======================================

Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001193125-22-146320
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetScout enters $150M accelerated share repurchase with Mizuho and Wells Fargo
------------------------------------------------------------------------------

- ASR agreements with Mizuho ($75M) and Wells Fargo ($75M) to repurchase $150M of common stock.
- Initial delivery of ~3.26M shares (70% of expected total); final share count based on VWAP during term.
- Repurchases under existing 25M share buyback program; final settlement expected by end of fiscal Q3 2023.
- Each dealer receives $75M prepayment on May 10, 2022; deliveries occur on Initial Share Delivery Date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000119312522146320/0001193125-22-146320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000119312522146320/d128983d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-146320

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer