NetApp (NTAP) Director Deepak Ahuja Receives RSU Award

What Happened

• Deepak Ahuja, a director of NetApp, was granted 1,542 restricted stock units (RSUs) on September 9, 2026. The award is reported as a derivative grant (transaction code A). No purchase price or immediate cash value is stated in the filing.
• These RSUs convert into common stock on a one-for-one basis upon vesting. The units vest on the day immediately preceding the date of the Company’s next Annual Meeting of Stockholders, subject to Ahuja’s continuous service on the Board through that date. This is a compensation/award transaction rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-10).
• Security: 1,542 restricted stock units (derivative securities); conversion ratio: 1 RSU = 1 common share (footnote).
• Price/value: Not applicable / not disclosed in the filing.
• Vesting: Vest on the day before the next Annual Meeting, contingent on continuous board service.
• Shares owned after transaction: Not disclosed in this filing.
• Timeliness: Filing appears timely (reporting period 2026-09-09, filed 2026-09-10).

Context

• RSU grants are a common form of director compensation and do not represent an immediate change in share ownership until they vest and convert to common stock.
• Because this is an award (not a purchase or sale), it should be viewed as routine compensation rather than a direct bullish or bearish trading signal.