Nair Syam 4

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.