NetApp (NTAP) Director Deborah Kerr Vests 2,307 RSUs

What Happened

• Deborah Kerr, a director of NetApp (NTAP), had 2,307 restricted stock units (RSUs) vest on September 8, 2026; the RSUs converted into common shares (transaction code M). The Form 4 also shows a simultaneous disposition of 2,307 derivative shares the same day (details and price not reported). On September 9, 2026 she was granted 1,542 additional RSUs (transaction code A) that vest before the next annual meeting, subject to continued board service.
• No dollar values or per‑share prices are reported (file shows N/A), and the filing was submitted on September 10, 2026 (within the normal two-business‑day reporting window).

Key Details

• Transaction dates and codes: 2026-09-08 — M (exercise/conversion) 2,307 shares acquired; 2026-09-08 — M (derivative) 2,307 shares disposed; 2026-09-09 — A (award) 1,542 RSUs granted.
• Prices/values: Not reported (N/A) in the filing.
• Shares owned after the transactions: Not specified in the provided filing details.
• Relevant footnotes: F1 — RSUs convert one-for-one into common stock. F2 — the 2,307 RSUs were granted on Sep 10, 2025 and vested Sep 8, 2026. F3 — the 1,542 RSU grant vests the day before the next annual meeting, subject to continued board service.
• Filing timeliness: Reported on Sep 10, 2026 for a Sep 8 transaction — filed within the standard Form 4 reporting window (not marked late).

Context

• RSUs are a form of equity compensation that convert into shares when they vest (code M here reflects that conversion). The separate "disposed" line for the same number of derivative shares often appears when shares are withheld or transferred to cover taxes or other obligations, but this specific filing does not state the reason or any sale price. The Sep 9 grant (A) is a new award that vests in the future if the director remains in service.