NetApp Director T. Michael Nevens Acquires Shares via RSU Vesting and Receives Annual Equity Grant
NetApp, Inc.
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Filing Summary
NetApp Director T. Michael Nevens acquired 2,914 common shares through RSU vesting on September 8, 2026, held indirectly via The Nevens Family 1997 Trust. Additionally, 1,948 new RSUs were granted on September 9, 2026, as part of annual board compensation.
Comprehensive Analysis
Executive Summary
On September 10, 2026, NetApp, Inc. (NTAP) filed a Form 4 reporting equity transactions by Director T. Michael Nevens:
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RSU Vesting & Settlement (Non-Derivative Acquisition):
- Date: September 8, 2026
- Transaction: Settlement of 2,914 Restricted Stock Units (RSUs) into 2,914 Common Shares (Transaction Code
M). - Price: $0.00 per share.
- Post-Transaction Holdings: 13,687 common shares held indirectly through The Nevens Family 1997 Trust.
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Annual Equity Grant (Derivative Acquisition):
- Date: September 9, 2026
- Transaction: Award of 1,948 RSUs (Transaction Code
A). - Vesting Terms: Vests on the day immediately preceding the 2027 Annual Meeting of Stockholders, subject to continuous board service.
Market Impact & Significance
- Trading Significance: Low
- These transactions reflect routine director compensation, including the vesting of prior annual equity awards and the issuance of new annual RSUs following the company's Annual Meeting of Stockholders. No open-market sales or purchases took place.
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