NETSCOUT SYSTEMS INC (NTCT)
Sector: Information Technology
2026 Annual Meeting Analysis
NETSCOUT SYSTEMS INC · Meeting: September 9, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Three Class III Directors
Director since 1998 with strong relevant qualifications; NTCT's 3-year price return of +32.8% outperforms the compensation peer group median of -4.3% by +37.1 percentage points, well below the 65pp threshold required to trigger an against vote given NTCT's strong-positive absolute TSR; no overboarding, attendance, or independence concerns identified.
Director since 2014 with extensive technology and financial services leadership experience; NTCT significantly outperforms its peer group on a 3-year basis (+37.1pp vs. peer median), so the TSR trigger does not apply; holds one outside public board seat (Pathward Financial), well within the four-seat overboarding limit; no other red flags identified.
Director since January 2023 (approximately 3.5 years of tenure); serves as Audit Committee Chair and is designated an Audit Committee Financial Expert; NTCT's strong TSR outperformance versus peers means no TSR trigger fires; no overboarding, attendance, or independence concerns.
All three Class III nominees pass all policy screens. NTCT's 3-year price return of +32.8% outperforms the company-disclosed compensation peer group median of -4.3% by +37.1 percentage points, which is below the 65pp threshold applicable when absolute 3-year TSR is strongly positive (above +20%). Board attendance was 96.7% in aggregate and 100% for Audit Committee meetings. All nominees are independent with relevant qualifications, and none are overboarded.
Say on Pay
✓ FORCEO
Anil K. Singhal
Total Comp
$2,437,479
Prior Support
86.63%%
The CEO's total compensation of $2,437,479 (fiscal year 2025, the most recent pre-extracted figure) is modest for a $2.9B information technology company and is well within benchmark expectations for a CEO at this market cap band. The prior year Say on Pay vote received 86.63% support, comfortably above the 70% threshold that would require visible changes. The pay program includes meaningful performance-based components — approximately 40% of equity awards are performance stock awards tied to relative total shareholder return versus the Russell 2000 Index over a three-year period, and annual bonuses are tied to pre-set financial targets — so incentive pay is genuinely at risk. NTCT's 3-year price return of +32.8% outperforms the peer group median of -4.3% by +37.1 percentage points, confirming that above-target bonus payouts (174.7% of target in fiscal 2026) are aligned with strong shareholder outcomes; the pay-for-performance alignment check passes.
Auditor Ratification
✓ FORAuditor
KPMG LLP
Tenure
N/A
Audit Fees
N/A
Non-Audit Fees
N/A
KPMG LLP is a Big 4 firm appropriate for a company of NTCT's size ($2.9B market cap). Auditor tenure is not disclosed in the provided filing text, so the tenure trigger cannot be confirmed and per policy a FOR vote is maintained without that data point. No fee table data was provided in the filing excerpt to assess the non-audit fee ratio, so no independence concern can be confirmed; the default FOR vote applies. No material restatements are disclosed.
Overall Assessment
The 2026 NETSCOUT annual meeting presents a straightforward ballot: all three Class III director nominees earn FOR votes driven by NTCT's strong stock outperformance versus its peer group over three years, and the Say on Pay program earns a FOR vote given reasonable CEO pay levels, robust prior shareholder support, and genuine performance-based incentive structure aligned with strong shareholder returns. KPMG's ratification also receives a FOR vote as a Big 4 firm appropriate for NTCT's size, with no disqualifying fee ratio or restatement data identified in the filing.
Compensation Peer Group
19 companies disclosed in 2026 proxy filing