Form 4: Francis J. Pelzer Reports Acquisition of NetApp Restricted Stock Units

Director Francis J. Pelzer reports the acquisition of 1,456 restricted stock units in NetApp, Inc. (NTAP) on March 25, 2025, convertible to common stock.

Summary

• On March 27, 2025, Francis J. Pelzer, a director of NetApp, Inc., filed a Form 4 with the SEC.
• The report details the acquisition of 1,456 restricted stock units (RSUs) on March 25, 2025.
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs vest on the day before the next Annual Meeting of Stockholders, contingent upon continuous service on the Board.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The vesting of the restricted stock units is contingent upon the reporting person's continuous service on the Board through the day immediately preceding the date of the next Annual Meeting of Stockholders.

Industry Context

Form 4 filings are routine disclosures of insider transactions, providing transparency into the actions of company directors and officers. This particular filing indicates an acquisition of restricted stock units, a common form of equity compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with those of shareholders, incentivizing them to work towards the company's success.

Key Dates

Keywords

Form 4, NetApp, NTAP, Restricted Stock Units, Director, Pelzer, Beneficial Ownership, SEC Filing