De Lorenzo Daniel 4

What Happened
Daniel De Lorenzo, SVP and Chief Accounting Officer of NetApp, was granted 6,467 restricted stock units (RSUs) on July 1, 2026. The award is reported as a derivative grant (code A); no per-share price or immediate cash value is reported on the Form 4. RSUs convert into common shares on a one-for-one basis when they vest. This is a compensation award (not a purchase or sale).

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing).
• Transaction type/code: Grant/Award (A), derivative RSUs; price listed as N/A.
• Shares granted: 6,467 restricted stock units. RSUs convert 1:1 into common stock (Footnote F1).
• Vesting (Footnote F2): 1/8th (12.5%) of the grant vests October 15, 2026, then 1/16th (6.25%) vests quarterly thereafter for a total vesting period of 45 months, subject to continued service. (That implies roughly ~808 RSUs vest Oct 15, 2026, then ~404 RSUs each subsequent quarter, before rounding.)
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness/other notes: No 10b5-1 plan or tax-withholding details were indicated in the provided summary.

Context
RSU grants are standard executive compensation and only convert to actual shares (and typically become taxable) as they vest; they are not an immediate market purchase or sale. Because vesting is spread over 45 months and is service‑conditioned, the economic benefit depends on NetApp’s future stock price and continued employment.