NetApp director Gustafsson gets 1,542 RSUs
NetApp director Anders Gustafsson had RSUs vest into common shares and received a new RSU grant tied to the next annual meeting.
Rhea-AI Filing Summary
NetApp, Inc. (NTAP) reported director Anders Gustafsson’s equity compensation activity. On September 8, 2026, 2,307 restricted stock units vested and converted into 2,307 Common Shares on a one-for-one basis from an award granted on September 10, 2025. Following this conversion, he held 13,756 Common Shares directly.
On September 9, 2026, Gustafsson received a new grant of 1,542 restricted stock units, which will vest on the day immediately preceding the date of the next Annual Meeting of Stockholders, subject to his continuous service on the Board through that date. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,307 shares exercised/converted
Exercise
3 txns
Insider
GUSTAFSSON ANDERS
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 — 13,756 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 granted: 1,542 units
RSUs vested and converted: 2,307 units
Common Shares held after transaction: 13,756 shares
+1 more
4 metrics
RSUs granted
1,542 units
Restricted stock units granted to Anders Gustafsson on September 9, 2026
RSUs vested and converted
2,307 units
Restricted stock units vested and converted into Common Shares on September 8, 2026
Common Shares held after transaction
13,756 shares
Direct holdings of Anders Gustafsson after the September 8, 2026 conversion
Original RSU grant size
2,307 units
Restricted stock units granted on September 10, 2025 that vested September 8, 2026
Key Terms
Restricted stock units, vest, Annual Meeting of Stockholders, derivative security
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.
vest financial
"which vested on September 8, 2026, the day immediately preceding the date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders regulatory
"the day immediately preceding the date of the 2026 Annual Meeting of Stockholders"
derivative security financial
"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.
FAQ
What equity awards did NetApp (NTAP) director Anders Gustafsson receive on September 9, 2026?
He was granted 1,542 restricted stock units, which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders, subject to his continuous service on the Board through that date.
What RSUs vested for NetApp (NTAP) director Anders Gustafsson on September 8, 2026?
On September 8, 2026, 2,307 restricted stock units vested and converted into 2,307 Common Shares on a one-for-one basis from an award originally granted on September 10, 2025.
What is the conversion ratio for NetApp (NTAP) restricted stock units reported in this filing?
The filing states that the restricted stock units convert into common stock on a one-for-one basis, meaning each vested RSU delivers one NetApp Common Share.
Were NetApp (NTAP) director Anders Gustafsson’s 2026 transactions under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
