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Netgear ( (NTGR) ) just unveiled an announcement.
Netgear has announced the separation of David J. Henry, the President and General Manager of Connected Home Products and Services, effective December 31, 2024. As part of his severance package, Mr. Henry will receive a lump sum equivalent to twelve months of his base salary, reimbursement for twelve months of COBRA premiums, and accelerated vesting of unvested stock units, along with potential eligibility for a bonus for the second half of 2024. These terms are in line with a previously disclosed severance agreement and reflect the company’s acknowledgment of his contributions.
More about Netgear
Netgear is a company in the technology industry that specializes in producing networking hardware for consumers, businesses, and service providers. Their primary products include routers, switches, and related connected home services, focusing on delivering solutions that enhance connectivity and internet performance.
YTD Price Performance: 1.10%
Average Trading Volume: 345,921
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $789.7M
For detailed information about NTGR stock, go to TipRanks’ Stock Analysis page.