NetApp (NTAP) Director Carrie Palin Receives Award, Vests RSUs

What Happened
Carrie Palin, a director of NetApp, had 2,307 restricted stock units (RSUs) vest and convert into common shares on September 8, 2026 (reported as an exercise/conversion of a derivative). The same 2,307 shares were reported as disposed the same day (no price or dollar value reported). On September 9, 2026 she was granted 1,542 additional RSUs (no price or immediate value reported) that vest on the day before the next annual meeting, subject to continued board service.

Key Details

• Transaction types: M = exercise/conversion of derivative (2,307 shares acquired 9/8/2026; 2,307 shares disposed 9/8/2026); A = grant/award (1,542 RSUs granted 9/9/2026).
• Prices/values: Not reported (N/A) on the Form 4.
• Shares owned after transaction: Not stated on the filing.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — 2,307 RSUs were granted 9/10/2025 and vested 9/8/2026. F3 — 1,542 RSUs granted 9/9/2026 vest the day before the next annual meeting if Palin remains on the Board.
• Filing timeliness: Report filed 2026-09-10 for transactions on 2026-09-08 — appears timely (no late-file flag).

Context
Code M indicates an RSU conversion/exercise of a derivative; the matching acquired and disposed counts on the same date are consistent with shares converting and being immediately disposed or withheld (commonly done to satisfy tax withholding at vesting). The September 9 grant is a standard director equity award subject to future vesting and service — such awards reflect compensation, not an open-market purchase or sale.