NetApp: svp, chief accounting officer De Lorenzo Daniel exercised 808 shares

What happened

• De Lorenzo Daniel, svp and chief accounting officer, converted 808 restricted stock units into common stock on Oct 15, 2026. The filing shows 287 shares were disposed to satisfy tax withholding at $222.20 per share for a total of $63,771. The filing also lists a separate derivative disposition of 808 shares on the same date.

Key details

• Transaction date(s): Oct 15, 2026.
• Prices and values: 287 shares withheld at $222.20 per share for $63,771 (payment of tax liability). The conversion entries list no per-share price (N/A).
• Shares owned after the transaction: not stated in the filing provided.
• Footnotes: F1 notes restricted stock units convert on a one-for-one basis. F2 states the reporting person was granted 6,467 restricted stock units on Jul 1, 2026, vesting 1/8th (12.5%) on Oct 15, 2026 and 1/16th (6.25%) quarterly thereafter over 45 months, subject to continued service.
• Filing date: Oct 19, 2026 (period of report Oct 15, 2026). The filing does not include a timeliness flag in the information provided here.

Why it may matter

• The filing shows restricted stock units converted and shares withheld to satisfy tax obligations rather than an open-market sale of all converted shares.
• For derivative transactions, the filing lists both an acquisition (conversion) and a derivative disposition on the same date.
• A filing does not show why the insider traded or why the company acted.