NetApp President Cesar Cernuda Reports Routine RSU Vesting and Tax Withholding
NetApp Inc
Subscribe to track NTAP
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
NetApp, Inc. ($NTAP) - Form 4 Filing
Insider: Cesar Cernuda (President)
Transaction Date: 2026-10-15
Type: Tax Withholding (Code F)
Shares Withheld: 869 @ $222.20 ($193,091.80)
RSUs Converted: 1,847 (Code M)
Ending Direct Ownership: 47,508 Common Shares
Significance: Low (Routine compensation vesting & tax obligations)
Comprehensive Analysis
Executive Summary
On October 19, 2026, NetApp, Inc. ($NTAP) President Cesar Cernuda filed a Form 4 disclosing transactions executed on October 15, 2026. The filing reflects the vesting of 1,847 Restricted Stock Units (RSUs) and the subsequent disposition of 869 common shares at $222.20 per share to satisfy tax withholding obligations.
Transaction Details
- RSU Conversion (Code M): 1,847 restricted stock units vested and converted into common shares on a 1-for-1 basis at $0 exercise price.
- Tax Withholding (Code F): 869 common shares were withheld by the issuer at $222.20 per share to cover statutory tax obligations, valued at approximately $193,091.80.
- Post-Transaction Holdings: Following these transactions, Cernuda directly holds 47,508 common shares and retains 12,936 unvested RSUs from the original July 1, 2026 grant.
Market and Trading Assessment
This transaction represents routine equity award vesting and automated tax withholding, rather than discretionary open-market buying or selling. As such, the trading significance is rated Low with no implied directional sentiment regarding the company's operating performance.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.