NetApp CEO George Kurian Reports Routine RSU Vesting and Tax Withholding
NetApp Inc
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Filing Summary
Form 4 Alert: NetApp, Inc. ($NTAP) Insider: George Kurian (CEO, Director) Transaction Date: 2026-10-15 Type: Tax Withholding (Code F) Shares Transacted: 1,845 @ $222.20 Value: $409,959.00 Post-Transaction Ownership: 210,349 shares (Direct) Significance: Low (Routine RSU settlement and tax withholding)
Comprehensive Analysis
Executive Summary
On October 19, 2026, NetApp, Inc. ($NTAP) Chief Executive Officer and Director George Kurian filed a Form 4 detailing routine equity compensation activity that occurred on October 15, 2026.
Transaction Breakdown
- RSU Settlement (Code M): 3,657 Restricted Stock Units vested and converted into 3,657 shares of common stock on a 1-for-1 basis at no cost.
- Tax Withholding (Code F): 1,845 shares were withheld by the issuer at $222.20 per share to satisfy tax withholding obligations, totaling approximately $409,959.00.
- Net Share Increase: Mr. Kurian net acquired 1,812 common shares through this vesting event.
Ownership Post-Transaction
- Direct Common Stock Holdings: 210,349 shares
- Remaining Derivative Holdings (RSUs): 25,602 units
Market Significance
This filing represents standard equity vesting and mandatory tax withholding rather than discretionary open-market buying or selling. Therefore, the trading significance is rated as Low.
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