NetApp CFO exercises 28,654 RSUs, withholds shares for tax
NetApp, Inc. EVP and CFO Wissam G. Jabre exercised restricted stock units that converted into common shares on a one-for-one basis.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
NetApp, Inc. EVP and CFO Wissam G. Jabre exercised restricted stock units that converted into common shares on a one-for-one basis. On April 15, 2026, 28,654 restricted stock units converted into 28,654 common shares at a stated price of $0.00 per share.
To cover tax obligations, 12,939 of these common shares were disposed of at $98.89 per share as a tax-withholding transaction, not an open-market sale. Following these transactions, Jabre directly holds 15,849 common shares of NetApp.
Insider Trade Summary
28,654 shares exercised/converted
Exercise
3 txns
Insider
JABRE WISSAM G
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 28,654 | $0.00 | $0.00 |
| Exercise | Common Shares | 28,654 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 12,939 | $98.89 | $1.28M |
Holdings After Transaction:
Restricted Stock Unit — 57,309 contracts (Direct);
Common Shares — 15,849 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Reflects 134 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan on November 28, 2025.
- F3. On April 15, 2025, the reporting person was granted 85,963 restricted stock units. Restricted stock unit awards shall vest as to one-third (1/3) of the shares annually for the next three years, subject to continued service on each applicable vesting date.
Key Figures
RSUs exercised: 28,654 units
Shares disposed for tax: 12,939 shares
Tax disposition price: $98.89 per share
+3 more
6 metrics
RSUs exercised
28,654 units
Restricted stock units converted into common shares on April 15, 2026
Shares disposed for tax
12,939 shares
Common shares withheld and disposed of for tax at $98.89 per share
Tax disposition price
$98.89 per share
Price for 12,939 shares used to satisfy tax liability
Shares held after transactions
15,849 shares
NetApp common shares directly held by CFO after April 15, 2026
RSU grant
85,963 units
Restricted stock units granted on April 15, 2025, vesting over three years
ESPP purchase
134 shares at $83.9545
Shares previously purchased under NetApp Employee Stock Purchase Plan on November 28, 2025
Key Terms
Restricted Stock Unit, tax-withholding disposition, NetApp Employee Stock Purchase Plan, vest
4 terms
Restricted Stock Unit financial
"Restricted stock units convert into common stock on a one-for-one basis."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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.
NetApp Employee Stock Purchase Plan financial
"Reflects 134 shares purchased at $83.9545 per share under the NetApp Employee Stock Purchase Plan"
vest financial
"Restricted stock unit awards shall vest as to one-third (1/3) of the shares annually"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NetApp (NTAP) report for EVP and CFO Wissam Jabre?
NetApp reported that EVP and CFO Wissam Jabre exercised 28,654 restricted stock units into common shares. As part of the same event, 12,939 shares were disposed of to satisfy tax obligations, and he now directly holds 15,849 common shares.
What restricted stock unit activity occurred for NetApp (NTAP) on April 15, 2026?
On April 15, 2026, 28,654 restricted stock units held by the NetApp CFO converted into an equal number of common shares at a stated price of $0.00. These units convert on a one-for-one basis into NetApp common stock when they vest.
How were taxes handled on the NetApp (NTAP) CFO’s equity vesting?
Taxes were handled through share withholding. Of the 28,654 common shares issued from vested restricted stock units, 12,939 shares were disposed of at $98.89 per share as a tax-withholding transaction, rather than a discretionary market sale.
What prior equity grants to the NetApp (NTAP) CFO are referenced in this filing?
The filing notes a grant of 85,963 restricted stock units to the CFO on April 15, 2025. These units vest in one-third increments annually over three years, conditioned on continued service on each vesting date, influencing when shares can be delivered.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates