Form 4: NetApp Director Anders Gustafsson Reports Stock Transactions

Director Anders Gustafsson reports the vesting and grant of restricted stock units in NetApp, Inc.

Summary

• Anders Gustafsson, a director of NetApp, Inc., reported changes in beneficial ownership of company stock.
• On September 10, 2024, 3,547 restricted stock units vested and converted into common stock.
• On September 11, 2024, Gustafsson was granted 2,377 restricted stock units which vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date.
• Following these transactions, Gustafsson directly owns 2,377 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The newly granted restricted stock units will vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies like NetApp.

Stakeholder Impact

• The vesting and granting of restricted stock units can be seen as a positive sign by shareholders, as it aligns the interests of the director with the company's long-term success.

Key Dates