NetApp (NTAP) Director Thomas Nevens Converts RSUs and Receives New RSU Grant

What Happened

• Thomas Michael Nevens, a NetApp (NTAP) member of the Board of Directors, had 2,914 restricted stock units (RSUs) vest and convert into common shares on 2026-09-08; those converted shares were disposed the same day. On 2026-09-09 he was granted 1,948 new RSUs that vest before the next annual meeting, subject to continued board service. No prices or dollar values are reported in the filing.

Key Details

• Transaction dates and types:
  • 2026-09-08: Exercise/conversion of derivative (code M) — 2,914 RSUs converted into shares (acquired) and 2,914 shares disposed the same day (disposition reported as derivative).
  • 2026-09-09: Award/grant (code A) — 1,948 RSUs granted.
• Prices and total values: Not reported (N/A) in the filing.
• Shares owned after transaction: Not disclosed in this filing.
• Notable footnotes from the filing:
  • F1: RSUs convert one-for-one into common stock.
  • F2: The 2,914 RSUs were originally granted on 2025-09-10 and vested on 2026-09-08.
  • F3: The 1,948 RSU grant vests the day before the next Annual Meeting, conditional on continued board service.
• Filing timeliness: Report period is 2026-09-08 and the Form 4 was filed on 2026-09-10 — within the typical two-business-day reporting window (not flagged as late).

Context

• These transactions reflect a routine RSU vesting/settlement and a new RSU award to a director. The 2,914-unit conversion + same-day disposition likely reflects settlement activity tied to the RSU vesting; the filing does not state whether the disposition was a sale, tax withholding, or other transfer. The new 1,948 RSU grant is a forward-looking award subject to continued board service and future vesting conditions.