NetApp Director Francis J. Pelzer Acquires Shares via RSU Vesting and Receives Annual RSU Award
NetApp, Inc.
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Filing Summary
NetApp, Inc. ($NTAP) Form 4 filing for Director Francis J. Pelzer shows the vesting/conversion of 2,307 RSUs into Common Shares on 2026-09-08 (bringing direct ownership to 3,763 shares), alongside a grant of 1,542 new RSUs on 2026-09-09 as part of director compensation.
Comprehensive Analysis
Executive Summary
On September 10, 2026, NetApp, Inc. ($NTAP) director Francis J. Pelzer reported routine equity transactions pursuant to Section 16 of the Securities Exchange Act. The transactions involve the vesting of previously granted Restricted Stock Units (RSUs) into Common Shares and the receipt of an annual director RSU equity grant.
Key Transaction Highlights
- Non-Derivative Common Shares: Acquired 2,307 shares on September 8, 2026, via RSU vesting (Transaction Code
M), increasing directly held common shares to 3,763. - Derivative Security Exercise/Settlement: Settled 2,307 RSUs (granted September 10, 2025) upon their vesting on September 8, 2026.
- New Equity Grant: Received a grant of 1,542 RSUs on September 9, 2026, vesting on the day immediately preceding the 2027 Annual Meeting of Stockholders, subject to continuous Board service.
Significance
The reported activity represents standard board compensation and award vesting with no open-market purchases or sales. As such, the market and trading significance is classified as Low.
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