Form 4: NetApp Director Carrie Palin Executes Stock Transactions and Updates Power of Attorney

Director Carrie Palin executed stock transactions involving restricted stock units and updated her power of attorney for SEC filings.

Summary

• Carrie Palin, a director at NetApp, Inc., executed transactions involving restricted stock units on September 10 and 11, 2024.
• On September 10, 2024, 3,526 restricted stock units vested and converted into common stock.
• On September 11, 2024, Palin was granted 2,377 restricted stock units that will vest on the day immediately preceding the date of the next Annual Meeting of Stockholders.
• Palin also updated her power of attorney, effective February 29, 2024, authorizing Elizabeth OCallahan, Dena Acevedo, Bryan Y.M. Tham, and Michael Schultz to handle SEC filings on her behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.

Future Outlook

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

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.

Stakeholder Impact

• The transactions affect the director's holdings and are of interest to shareholders.

Next Steps

• The newly granted restricted stock units will vest before the next Annual Meeting of Stockholders, assuming continued service on the Board.

Key Dates