NetApp EVP Syam Nair Settles RSU Vesting and Tax Withholding
NetApp Inc
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Filing Summary
# NetApp, Inc. (NTAP) - Form 4 Filing
**Insider:** Nair Syam | EVP, Chief Product Officer
**Filing Date:** 2026-10-19 | **Transaction Date:** 2026-10-15
### Summary of Transactions
- **Acquisition (Code M):** 1,847 Common Shares acquired via RSU vesting at $0.00.
- **Tax Withholding (Code F):** 727 Common Shares disposed at $222.20 ($161,539.40 total value).
- **Net Addition:** +1,120 shares
- **Direct Ownership Post-Transaction:** 37,814 Common Shares
*Significance: Low (Routine equity vesting and statutory tax withholding)*
Comprehensive Analysis
Executive Summary
On October 19, 2026, NetApp, Inc. (NASDAQ: NTAP) filed a Form 4 for EVP and Chief Product Officer Syam Nair detailing transactions executed on October 15, 2026. The filing reports the routine vesting of 1,847 restricted stock units (RSUs) into common shares and the subsequent surrender of 727 shares at $222.20 per share ($161,539.40 aggregate value) to satisfy tax withholding obligations. Following these events, Mr. Nair's direct beneficial ownership stands at 37,814 common shares.
Transaction Breakdown
- Derivative Exercise / Conversion (Code M): 1,847 RSUs converted to common stock on a 1-for-1 basis at zero direct acquisition cost.
- Tax Withholding (Code F): 727 common shares were withheld by the issuer at $222.20 per share to satisfy tax obligations arising from the RSU vesting.
- Net Share Impact: Net increase of 1,120 shares held directly.
Trading Significance
This transaction carries Low trading significance. It reflects standard executive equity compensation settlement and associated automated tax withholding rather than discretionary open-market buying or selling.
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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.
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