NetApp director Held gets stock units, 2,307 shares
NetApp director Gerald Held reported vesting and conversion of prior RSUs plus a new RSU grant tied to future board service.
Rhea-AI Filing Summary
NetApp, Inc. director Gerald Held reported equity compensation activity involving restricted stock units and common shares. On September 9, 2026, he received a grant of 1,542 restricted stock units, which will vest on the day immediately preceding the next Annual Meeting of Stockholders, subject to his continuous board service. On September 8, 2026, 2,307 previously granted restricted stock units vested and converted into 2,307 common shares on a one-for-one basis, after which he held 16,082 common shares directly. No transactions were made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,307 shares exercised/converted
Exercise
3 txns
Insider
HELD GERALD
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 — 16,082 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
New RSU grant: 1,542 restricted stock units
Vested RSUs converted: 2,307 restricted stock units
Common shares acquired: 2,307 common shares
+2 more
5 metrics
New RSU grant
1,542 restricted stock units
Granted to Gerald Held on September 9, 2026, subject to continuous board service
Vested RSUs converted
2,307 restricted stock units
Vested and converted into 2,307 common shares on September 8, 2026
Common shares acquired
2,307 common shares
Received upon conversion of vested restricted stock units on September 8, 2026
Common shares held after transactions
16,082 common shares
Directly owned by Gerald Held after the September 8, 2026 conversion
Prior RSU grant date
September 10, 2025
Grant date of the 2,307 restricted stock units that vested on September 8, 2026
Key Terms
Restricted stock units, Annual Meeting of Stockholders, continuous service on the Board
3 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.
Annual Meeting of Stockholders regulatory
"vested on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders"
continuous service on the Board financial
"subject to the reporting person's continuous service on the Board through such date"
FAQ
What equity transactions did NTAP director Gerald Held report on this Form 4?
Gerald Held reported that 2,307 restricted stock units vested and converted into 2,307 common shares on September 8, 2026, and that he received a new grant of 1,542 restricted stock units on September 9, 2026, as director compensation.
What are the terms of the new RSU grant reported by NTAP director Gerald Held?
On September 9, 2026, Gerald Held received 1,542 restricted stock units, which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders following the grant date, subject to his continuous service on the Board through that date.
What was the origin of the 2,307 RSUs that vested for NTAP director Gerald Held?
The 2,307 restricted stock units that vested on September 8, 2026, were granted to Gerald Held on September 10, 2025 and vested the day immediately preceding the date of the 2026 Annual Meeting of Stockholders.
Do Gerald Held’s NTAP transactions involve a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported in connection with these transactions by NetApp director Gerald Held.
How do the reported NetApp (NTAP) RSUs convert into common stock for Gerald Held?
The filing states that restricted stock units convert into common stock on a one-for-one basis, so each vested RSU held by Gerald Held becomes one NetApp common share upon conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
