NetApp (NTAP) Director Gerald Held Receives RSU Awards

What Happened

• Gerald Held, a director of NetApp, had 2,307 restricted stock units (RSUs) convert into common shares on September 8, 2026 (reported as derivative conversion/exercise). The filing also shows an immediate disposition of 2,307 shares listed as a derivative disposal. On September 9, 2026 he was granted 1,542 RSUs that vest the day before the next annual meeting, subject to continued board service. No cash prices or total dollar values are shown for these RSU transactions (N/A).

Key Details

• Transaction dates and types: 2026-09-08 — conversion/exercise of derivative (M) for 2,307 shares (acquired) and an immediate derivative disposition of 2,307 shares; 2026-09-09 — grant/award (A) of 1,542 RSUs.
• Prices/values: Not reported (N/A) — RSUs convert one-for-one into common stock (see footnote).
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: RSUs convert to common stock one-for-one.
  • F2: The 2,307 RSUs were granted on 2025-09-10 and vested on 2026-09-08.
  • F3: The 1,542 RSUs were granted on 2026-09-09 and vest the day before the next annual meeting, subject to continued board service.
• Filing timeliness: Reported on 2026-09-10 for transactions occurring 2026-09-08/09 — filing appears timely.

Context

• These entries reflect routine director equity compensation: vested RSUs converting to shares and a subsequent RSU grant that vests with continued service. The reported immediate disposition of the vested 2,307 shares is listed as a derivative disposal in the filing; such disposals in RSU vesting filings commonly represent shares withheld to satisfy tax obligations. No open-market buy or sell transaction with cash proceeds is reported.