NetApp director nets 2,307 shares from RSUs
NetApp director Francis J. Pelzer reported RSU vesting into common shares and a new RSU grant tied to the next annual meeting.
Rhea-AI Filing Summary
NetApp, Inc. (NTAP) director Francis J. Pelzer reported equity compensation activity involving restricted stock units and common shares. On September 8, 2026, 2,307 restricted stock units vested and were converted into 2,307 common shares on a one-for-one basis, increasing his directly held common shares to 3,763. On September 9, 2026, he received a grant of 1,542 restricted stock units that will vest on the day immediately preceding the date of the next Annual Meeting of Stockholders, subject to his continuous service on the Board. No open-market purchases or sales are reported, and no Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,307 shares exercised/converted
Exercise
3 txns
Insider
Pelzer Francis J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F3 | 1,542 | -- | -- |
| Exercise | Restricted Stock Unit F1, F2 | 2,307 | -- | -- |
| Exercise | Common Shares F1 | 2,307 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,542 contracts (Direct);
Common Shares — 3,763 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On September 10, 2025, the reporting person was granted 2,307 restricted stock units, which vested on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders.
- F3. On September 9, 2026, the reporting person was granted 1,542 restricted stock units which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date.
Key Figures
RSUs converted: 2,307 restricted stock units
Common shares acquired: 2,307 common shares
New RSU grant: 1,542 restricted stock units
+2 more
5 metrics
RSUs converted
2,307 restricted stock units
Vested and converted into common shares on September 8, 2026 at a one-for-one ratio
Common shares acquired
2,307 common shares
Received upon conversion of vested restricted stock units on September 8, 2026
New RSU grant
1,542 restricted stock units
Granted on September 9, 2026, vesting before the next Annual Meeting of Stockholders
Shares held after transaction
3,763 common shares
Directly held by Francis J. Pelzer after the September 8, 2026 conversion
RSU vesting date
September 8, 2026
Date 2,307 restricted stock units vested, immediately before the 2026 Annual Meeting of Stockholders
Key Terms
Restricted stock units, Common stock, Annual Meeting of Stockholders
3 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common stock financial
"Restricted stock units convert into common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Annual Meeting of Stockholders financial
"vested on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did NetApp (NTAP) director Francis J. Pelzer report in this Form 4?
He reported 2,307 restricted stock units vesting into 2,307 common shares on September 8, 2026, and a new grant of 1,542 restricted stock units on September 9, 2026, which will vest before the next Annual Meeting of Stockholders, subject to continued Board service.
Were any of Francis J. Pelzer’s NetApp (NTAP) transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not selected, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.
What are the terms of the new 1,542 RSU grant reported for NetApp (NTAP)?
On September 9, 2026, Francis J. Pelzer was granted 1,542 restricted stock units, which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the company, subject to his continuous service on the Board through that date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
