NetApp Director June Yang Awarded 1,542 Restricted Stock Units
NetApp, Inc.
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Filing Summary
📊 SEC Form 4 Filing Alert: NetApp, Inc. ($NTAP) Insider: June Yang (Director) Transaction Date: September 9, 2026 Transaction Type: Grant / Award (Code: A) Security: Restricted Stock Units Shares Granted: 1,542 Price: $0.00 Post-Transaction Holdings: 1,542 RSUs (Direct) Significance: Low (Standard annual equity grant for board service)
Comprehensive Analysis
Executive Summary
On September 10, 2026, NetApp, Inc. ($NTAP) filed a Form 4 disclosing an equity grant to Director June Yang. On September 9, 2026, June Yang received an annual award of 1,542 Restricted Stock Units (RSUs).
Transaction Details
- Security: Restricted Stock Units
- Transaction Code:
A(Grant, award, or other acquisition) - Shares Acquired: 1,542 RSUs
- Conversion Ratio: 1 RSU converts into 1 share of common stock upon vesting
- Vesting Terms: The RSUs vest on the day immediately preceding the date of the next Annual Meeting of Stockholders, subject to continuous Board service. Vested shares will be delivered upon termination of Board service or a change of control.
- Direct Ownership After Transaction: 1,542 derivative units
Market Impact & Significance
This transaction represents routine director compensation in the form of equity rather than an open-market purchase or sale. Because this is a standard board grant and not a discretionary transaction funded with personal capital, the trading significance is evaluated as Low.
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Important Disclaimer
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