Form 4: NetApp CEO George Kurian Reports Stock Transactions
SEC Form 4 Filing
NetApp CEO George Kurian reports the settlement of performance stock units and a disposition of shares to cover tax obligations.
Summary
- On May 16, 2024, NetApp CEO George Kurian reported transactions involving NetApp's common shares.
- These transactions included the settlement of TSR performance stock units originally granted on July 1, 2021, resulting in the acquisition of 142,369 shares.
- Additionally, performance stock units converted into 395,645 common shares on a one-for-one basis.
- Kurian also disposed of 71,298 shares at a price of $109.75 to cover tax obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Original grant date of TSR performance stock units |
| May 16, 2024 | Date of stock unit settlement and share disposition |
| May 20, 2024 | Date of signature for the Form 4 filing |
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