NetApp (NTAP) CAO withholds 1,468 shares to cover obligations after RSUs vest
Rhea-AI Filing Summary
NetApp, Inc. (NTAP) reported equity compensation activity by EVP and Chief Administrative Officer Elizabeth M. O'Callahan. On 2026-08-15, three tranches of restricted stock units vested and converted one-for-one into a total of 2,908 common shares across prior grants from 2023, 2024, and 2025. On the same date, 1,468 common shares were delivered or withheld at $204.99 per share for payment of exercise price or tax liability, resulting in no net buy or sell transaction in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,440 shares
Net Buy
5 txns
Insider
O'Callahan Elizabeth M
Role
EVP, Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 1,004 | -- | -- |
| Exercise | Restricted Stock Unit F1, F3 | 699 | -- | -- |
| Exercise | Restricted Stock Unit F1, F4 | 1,205 | -- | -- |
| Exercise | Common Shares F1 | 2,908 | -- | -- |
| Exercise Price or Tax Liability | Common Shares | 1,468 | $204.99 | $301K |
Holdings After Transaction:
Restricted Stock Unit — 21,169 shares (Direct);
Common Shares — 31,737 shares (Direct)
Footnotes (4)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On July 13, 2023, the reporting person was granted 16,058 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.
- F3. On July 1, 2024, the reporting person was granted 11,195 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.
- F4. On July 1, 2025, the reporting person was granted 19,285 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: 2,908 shares
Shares delivered/withheld: 1,468 shares
Disposition reference price: $204.99 per share
+3 more
6 metrics
RSUs converted
2,908 shares
Restricted stock units converting into common shares on 2026-08-15 across three grants
Shares delivered/withheld
1,468 shares
Code F disposition for payment of exercise price or tax liability on 2026-08-15
Disposition reference price
$204.99 per share
Price applied to 1,468 common shares delivered or withheld under code F
2023 RSU grant size
16,058 restricted stock units
Grant to the reporting person on July 13, 2023
2024 RSU grant size
11,195 restricted stock units
Grant to the reporting person on July 1, 2024
2025 RSU grant size
19,285 restricted stock units
Grant to the reporting person on July 1, 2025
Key Terms
Restricted stock units, vest, Payment of exercise price or tax liability by delivering or withholding securities, one-for-one basis
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
"Restricted stock unit awards shall vest as to twenty-five percent (25%) of the shares"
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.
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering"
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
FAQ
What insider equity activity did NTAP report for Elizabeth M. O'Callahan on this Form 4?
Elizabeth M. O'Callahan reported RSU vesting and share withholding at NetApp, Inc. (NTAP). Three RSU awards converted into 2,908 common shares, and 1,468 shares were delivered or withheld to cover exercise price or tax liability, with no open-market sale reported.
How many NetApp (NTAP) restricted stock units vested for Elizabeth M. O'Callahan?
A total of 2,908 restricted stock units vested and converted into common shares for Elizabeth M. O'Callahan. The vesting came from three separate RSU grants dated July 13, 2023, July 1, 2024, and July 1, 2025, each following its stated vesting schedule.
Did the NetApp (NTAP) Form 4 report any open-market stock sales or purchases?
The Form 4 reports no open-market purchases or sales of NetApp common stock. Activity consists of RSU vesting that generated 2,908 shares and a code F disposition of 1,468 shares for payment of exercise price or tax liability.
What are the key grant dates and vesting terms for the NTAP RSUs reported?
The RSUs were granted on July 13, 2023, July 1, 2024, and July 1, 2025. Each grant vests 25% on a specified May 15 date, then 1/16th (6.25%) quarterly for three years, subject to continued service on each vesting date.
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