Nair Syam 4
4 · NetApp, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
NetApp (NTAP) EVP Syam Nair Receives 14,783 RSU Award
What Happened
- Syam Nair, Executive Vice President and Chief Product Officer of NetApp (NTAP), received a grant of 14,783 restricted stock units (RSUs) on July 1, 2026. The grant is recorded as an award/derivative (Form 4 transaction code A). No per-share price or cash value is listed on the filing.
Key Details
- Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely).
- Units granted: 14,783 restricted stock units (convert one-for-one into common shares per footnote).
- Vesting schedule: 12.5% (1/8) vests on October 15, 2026, then 6.25% (1/16) vests quarterly thereafter for a total vesting period of 45 months (footnote F2).
- Shares owned after transaction: not disclosed on this filing.
- No sale, purchase price, tax withholding, or 10b5-1 plan indicated in the filing.
Context
- This was a compensation award (grant of RSUs), not an open-market buy or sale. RSU grants are routine executive compensation and do not by themselves signal an immediate change in market exposure until units vest and convert to shares.
Insider Transaction Report
Form 4
NetApp, Inc.NTAP
Nair Syam
EVP, Chief Product Officer
Transactions
- Award
Restricted Stock Unit
[F1][F2]2026-07-01+14,783→ 14,783 total→ Common Shares (14,783 underlying)
Footnotes (2)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On July 1, 2026, the reporting person was granted 14,783 restricted stock units. Restricted stock unit awards shall vest as to 1/8th (12.5%) of the shares October 15, 2026 and 1/16th (6.25%) of the shares quarterly thereafter for a total of 45 months, subject to continued service on each applicable vesting date.
Signature
/s/ Colin Lloyd, Attorney-in-Fact for Syam Nair|2026-07-02