NetApp (NTAP) EVP Elizabeth O'Callahan Receives RSU Award (11,087)

What Happened
Elizabeth M. O'Callahan, Executive Vice President and Chief Administrative Officer of NetApp (NTAP), received a grant of 11,087 restricted stock units (RSUs) on July 1, 2026. The RSUs are awards (transaction code A) and have no purchase price; they represent a right to receive one share of common stock per unit when settled.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (no indication of a late filing).
• Award size: 11,087 RSUs; price: N/A (grant award).
• Conversion: RSUs convert into common stock on a one-for-one basis (footnote F1).
• Vesting schedule: 1/8th (12.5%) vests October 15, 2026, then 1/16th (6.25%) quarterly thereafter over a total 45-month period, subject to continued service (footnote F2).
• Shares owned after transaction: not disclosed in this filing.
• Transaction type: compensation award (not an open-market purchase or sale).

Context
RSU grants are a form of compensation and become actual shares only upon vesting/settlement; they do not necessarily signal an immediate buy or sell decision by the insider. This filing reports the grant itself; future Form 4s would show vesting, settlement, or any subsequent sales.