Nutanix (NTNX) President Maner Tarkan Receives Award (PRSUs)

What Happened

• Maner Tarkan, President and Chief Customer Officer of Nutanix (NTNX), was reported as acquiring three performance-based restricted stock unit (PRSUs) awards on 2026-08-24 (transaction code A). The grants reported: 56,476 PRSUs, 9,075 PRSUs and 7,365 PRSUs, totaling 72,916 shares. Each line shows $0.00 per share because these are equity awards, not open-market purchases. These awards were determined by the Compensation Committee to be eligible to vest on September 15, 2026, subject to continued service through the vesting date.

Key Details

• Transaction date reported: 2026-08-24; Form 4 filed: 2026-08-26 (timely within typical 2-business-day window).
• Reported price: $0.00 (award/grant, not a cash purchase).
• Total shares reported as becoming eligible to vest: 72,916 PRSUs (56,476 + 9,075 + 7,365).
• Shares owned after transaction: not provided in the excerpt supplied.
• Footnotes:
  • The 56,476 FY2024 PRSUs reflect a 200% achievement for the third performance period (grant dated 8/29/2023).
  • The 9,075 FY2025 PRSUs reflect a measured 121.93% achievement for the second period but are capped at 100% under plan terms (grant dated 9/10/2024).
  • The 7,365 FY2026 PRSUs reflect a 72.61% achievement for the first performance period (grant dated 11/10/2025).
• Vesting condition: all shares are performance-based and only become vested on Sept 15, 2026 if Tarkan remains employed through that date.

Context

• These are performance-based RSUs: the number of shares that vest depends on Nutanix’s total shareholder return vs. the NASDAQ Composite over specified performance periods. The committee’s determinations made these tranches eligible to vest but do not yet represent settled or saleable shares until vesting and any tax-withholding are completed. Awards (A) are different from open-market purchases or sales and should be viewed as part of long-term compensation rather than immediate insider buying/selling.