NetApp Director Deborah Kerr Acquires Shares via RSU Vesting and Receives Annual Equity Grant
NetApp, Inc.
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Filing Summary
Insider Transaction Alert
Issuer: NetApp, Inc. (NTAP) Insider: Deborah Kerr (Director) Type: RSU Vesting / Grant Shares Acquired: 2,307 (Common Shares via RSU settlement) + 1,542 RSUs granted Transaction Date: September 8, 2026 Post-Transaction Holdings: 27,360 Common Shares
Comprehensive Analysis
Overview & Context
On September 10, 2026, NetApp, Inc. (NASDAQ: NTAP) filed a Form 4 on behalf of Director Deborah Kerr disclosing routine non-derivative and derivative equity transactions:
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RSU Vesting & Conversion (Sept 8, 2026):
- Converted 2,307 Restricted Stock Units (RSUs) into 2,307 Common Shares upon vesting (Code M).
- These units were originally granted on September 10, 2025, and vested on the day prior to the 2026 Annual Meeting of Stockholders.
- Following this transaction, Kerr directly holds 27,360 shares of Common Stock.
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Annual Board Equity Grant (Sept 9, 2026):
- Received a grant of 1,542 RSUs (Code A) in connection with annual board service.
- These RSUs vest on the day immediately preceding the date of the next Annual Meeting of Stockholders.
Trading Significance
This filing reflects standard director compensation practices (equity grant and scheduled vesting) rather than discretionary open-market buying or selling. Consequently, it carries low predictive signal for market participants.
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Important Disclaimer
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