NetApp (NTAP) CFO vests 5,424 RSUs; 2,736 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NetApp, Inc.’s EVP and CFO Wissam G. Jabre reported routine equity compensation activity. On May 15, 2026, 5,424 restricted stock units converted into an equal number of common shares, while 2,736 shares were withheld to cover tax obligations. Following these transactions, Jabre directly holds 40,540 common shares and 16,272 restricted stock units. The RSUs come from a 21,696-unit grant made on July 1, 2025, which vests 25% on May 15, 2026 and 6.25% quarterly thereafter, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,424 shares exercised/converted
Mixed
3 txns
Insider
JABRE WISSAM G
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,424 | $0.00 | -- |
| Exercise | Common Shares | 5,424 | $0.00 | -- |
| Tax Withholding | Common Shares | 2,736 | $119.93 | $328K |
Holdings After Transaction:
Restricted Stock Unit — 16,272 shares (Direct, null);
Common Shares — 40,540 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On July 1, 2025, the reporting person was granted 21,696 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
Key Figures
RSUs converted: 5,424 shares
Tax withholding shares: 2,736 shares at $119.93
Common shares held: 40,540 shares
+4 more
7 metrics
RSUs converted
5,424 shares
Restricted stock units converting into common shares on May 15, 2026
Tax withholding shares
2,736 shares at $119.93
Shares withheld to cover tax obligations on May 15, 2026
Common shares held
40,540 shares
Direct common stock ownership after reported transactions
RSUs remaining
16,272 units
Restricted stock units remaining after 5,424 units converted
Original RSU grant
21,696 units
Grant made on July 1, 2025
Initial vesting tranche
25% (5,424 units)
Vests on May 15, 2026, subject to continued service
Ongoing vesting rate
6.25% quarterly
Vesting of remaining RSUs over three years after May 15, 2026
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, vesting
4 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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"awards shall vest as to twenty-five percent (25%) of the shares May 15, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did NetApp (NTAP) CFO Wissam Jabre report?
NetApp’s CFO Wissam G. Jabre reported the vesting and conversion of 5,424 restricted stock units into common shares. As part of this equity compensation event, a portion of the shares was withheld to satisfy tax obligations rather than being sold on the open market.
What was the size and vesting schedule of the NetApp (NTAP) RSU grant?
The CFO received a grant of 21,696 restricted stock units on July 1, 2025. Twenty-five percent of the units vest on May 15, 2026, with 6.25% of the shares vesting quarterly for three years afterward, contingent on continued service.