JABRE WISSAM G 4

What Happened

• Wissam G. Jabre, EVP and Chief Financial Officer of NetApp, had performance stock units (PSUs) settled on May 14, 2026. The settlement resulted in two award entries totaling 38,871 shares (21,174 and 17,697 shares).
• To cover tax liabilities on the PSU settlement, 19,604 shares were withheld/disposed (10,679 and 8,925 shares) at a reported price of $118.58 per share, totaling $2,324,643 ($1,266,316 + $1,058,327).
• These transactions are award settlements (acquisitions) rather than open-market purchases; the withheld shares represent tax withholding rather than a voluntary sale.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (within the typical reporting window).
• Awards acquired: 21,174 shares and 17,697 shares (total 38,871). No dollar price listed for awards (N/A).
• Shares withheld/disposed for taxes: 10,679 shares and 8,925 shares at $118.58 each, totaling $1,266,316 and $1,058,327 respectively (combined ~$2.32M).
• Footnotes: F1 — these were settlements of PSUs originally granted April 15, 2025. F2 — PSUs convert to common stock on a 1-for-1 basis.
• Shares owned after the transaction: not provided in the information supplied in this summary.

Context

• This was a PSU settlement (derivative-to-stock conversion). The withheld shares are a routine tax-withholding mechanism (often called a cashless settlement) and should not be interpreted as a discretionary open-market sale reflecting insider sentiment.
• For retail investors, awards and tax-withholdings are common comp‑events for executives and differ from purchases, which are typically more informative about an insider's bullish convictions.