O'Callahan Elizabeth M 4
4 · NetApp, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
NetApp (NTAP) EVP Elizabeth O'Callahan Receives 7,573 Shares (RSU Vest)
What Happened
Elizabeth M. O'Callahan, EVP & Chief Administrative Officer of NetApp (NTAP), had 7,573 restricted stock units (RSUs) convert into common shares on May 15, 2026. Of those, 3,822 shares were surrendered/withheld to cover tax withholding at $119.93 per share (total value $458,372), leaving 3,751 shares issued to her net. These transactions are conversions/settlements of RSU awards (not open-market purchases or discretionary sales).
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within normal reporting window).
- Conversion: 7,573 RSUs converted into 7,573 common shares (per footnote F1: 1-for-1 conversion).
- Tax withholding: 3,822 shares withheld / disposed at $119.93 each, value $458,372 (transaction code F).
- Net shares received: 3,751 shares.
- Relevant footnotes: F1 confirms 1-for-1 RSU conversion; F2–F5 describe prior RSU grants and vesting schedules (notably F5: 19,285 RSUs granted July 1, 2025, with 25% vesting on May 15, 2026, which corresponds to 4,821 shares).
- This was a vesting/net-settlement for tax withholding (routine), not an open-market sale or purchase.
Context
These entries reflect RSU vesting and net share settlement to satisfy tax obligations (commonly called a cashless/net-settlement), a routine compensation event. No open-market sale or buy was reported here beyond the tax-withholding disposition, so the transaction primarily reflects compensation vesting rather than an independent investment decision.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-05-15+7,573→ 36,907 total - Tax Payment
Common Shares
2026-05-15$119.93/sh−3,822$458,372→ 33,085 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-05-15−1,048→ 0 total→ Common Shares (1,048 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-05-15−1,004→ 4,015 total→ Common Shares (1,004 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-05-15−700→ 5,598 total→ Common Shares (700 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-05-15−4,821→ 14,464 total→ Common Shares (4,821 underlying)
Footnotes (5)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On July 1, 2022, the reporting person was granted 16,758 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 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.
- [F4]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.
- [F5]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.