Form 4: NetApp CEO George Kurian Reports Changes in Beneficial Ownership
SEC Form 4 Filing
NetApp CEO George Kurian reports acquisition and disposal of common shares and settlement of performance stock units.
Summary
- On May 16, 2025, NetApp CEO George Kurian reported transactions involving NetApp's common shares.
- Kurian acquired 50,850 common shares through the settlement of performance stock units originally granted on July 1, 2022.
- He also acquired 61,153 common shares through the settlement of performance stock units originally granted on July 1, 2022.
- Additionally, Kurian disposed of 25,414 and 30,562 common shares to cover tax obligations at a price of $100.53 per share.
- Following these transactions, Kurian directly owns 313,805 common shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard transactions related to executive compensation and stock ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| July 1, 2022 | Original grant date of performance stock units. |
| May 16, 2025 | Date of transaction (acquisition and disposal of shares). |
| May 20, 2025 | Date of signature on the report. |
Keywords
NetApp, George Kurian, Beneficial Ownership, Form 4, Common Shares, Performance Stock Units, Settlement, Tax Obligations
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