NetApp president exercises RSUs, shares withheld for tax
NetApp President Cesar Cernuda converted previously granted restricted stock units into 4,921 common shares on November 15, 2025.
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Form Type
4
Rhea-AI Filing Summary
NetApp President Cesar Cernuda converted previously granted restricted stock units into 4,921 common shares on November 15, 2025. To cover tax obligations, 2,312 shares were withheld at $109.6000 per share. After these transactions he directly holds 54,723 common shares and 26,462 restricted stock units.
Insider Trade Summary
4,921 shares exercised/converted
Exercise
5 txns
Insider
CERNUDA CESAR
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,964 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,757 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,200 | $0.00 | $0.00 |
| Exercise | Common Shares | 4,921 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 2,312 | $109.60 | $253K |
Holdings After Transaction:
Restricted Stock Unit — 26,462 contracts (Direct);
Common Shares — 54,723 shares (Direct)
Holdings Before and After:
Restricted Stock Unit, 31,383 to 26,462 contracts (Direct);
Common Shares, 52,114 to 54,723 shares (Direct)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On July 1, 2022, the reporting person was granted 31,422 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2023 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
- F3. On July 13, 2023, the reporting person was granted 28,101 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2024 and 1/16th (6.25%) of the shares quarterly thereafter for the next three years, subject to continued service on each applicable vesting date.
- F4. On July 1, 2024, the reporting person was granted 19,193 restricted stock units. Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares May 15, 2025 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 to Common: 4,921 shares
Tax Withholding Shares: 2,312 shares
Tax Withholding Price: $109.6000 per share
+5 more
8 metrics
RSUs Converted to Common
4,921 shares
Restricted stock units converted into common shares on 2025-11-15
Tax Withholding Shares
2,312 shares
Common shares withheld to satisfy tax liability on 2025-11-15
Tax Withholding Price
$109.6000 per share
Per-share value used for tax-withholding disposition of common shares
Post-transaction Common Shares
54,723 shares
Common shares directly owned by Cesar Cernuda after reported transactions
Post-transaction RSUs
26,462 units
Restricted stock units directly owned by Cesar Cernuda after reported transactions
2022 RSU Grant
31,422 units
Restricted stock units granted on July 1, 2022, vesting over four years
2023 RSU Grant
28,101 units
Restricted stock units granted on July 13, 2023, vesting over four years
2024 RSU Grant
19,193 units
Restricted stock units granted on July 1, 2024, vesting over four years
Key Terms
Restricted stock units, tax-withholding disposition, one-for-one basis, vesting date, +1 more
5 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
"Payment of exercise price or tax liability by delivering securities"
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.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
vesting date financial
"subject to continued service on each applicable vesting date."
quarterly thereafter financial
"and 1/16th (6.25%) of the shares quarterly thereafter for the next three years"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did NetApp (NTAP) President Cesar Cernuda report?
Cesar Cernuda converted restricted stock units into 4,921 common shares and had 2,312 shares withheld for taxes. These actions reflect vesting of prior equity awards rather than open-market trading, and he continues to hold a substantial equity position in NetApp.
What RSU grant structure is disclosed for NetApp (NTAP) President Cesar Cernuda?
Footnotes show RSU grants of 31,422 units in 2022, 28,101 units in 2023, and 19,193 units in 2024. Each grant vests 25% on a specified May 15 date, with 6.25% of the shares vesting quarterly over the following three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
