Form 4: NetApp EVP, CFO Michael J. Berry Reports Stock Transactions
SEC Form 4
Michael J. Berry, EVP and CFO of NetApp, Inc., reports the vesting and disposal of restricted stock units and related transactions.
Summary
- On February 15, 2025, Michael J. Berry, the EVP and CFO of NetApp, Inc., reported transactions involving NetApp's common shares.
- Berry disposed of 1,598 common shares at a price of $119.06.
- These transactions involved the vesting of restricted stock units (RSUs) which convert into common stock on a one-for-one basis.
- The transactions also reflect adjustments in shares held indirectly through The Berry Family Trust, with holdings decreasing from 114,696 to 113,098 shares.
- The reported transactions include the vesting of 1,437 RSUs from a grant on July 1, 2021, 1,262 RSUs from a grant on July 1, 2022, and 1,254 RSUs from a grant on July 13, 2023.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in the transactions of company executives, as they provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Reporting person was granted 23,000 restricted stock units. |
| May 15, 2022 | 25% of the shares from the July 1, 2021 grant vested. |
| July 1, 2022 | Reporting person was granted 20,199 restricted stock units. |
| May 15, 2023 | 25% of the shares from the July 1, 2022 grant vested. |
| July 13, 2023 | Reporting person was granted 20,072 restricted stock units. |
| May 15, 2024 | 25% of the shares from the July 13, 2023 grant vested. |
| February 15, 2025 | Date of reported transactions involving vesting and disposal of restricted stock units. |
| February 20, 2025 | Date of signature for the Form 4 filing. |
Keywords
NetApp, Michael J. Berry, CFO, EVP, Stock Transactions, Restricted Stock Units, Form 4, Beneficial Ownership
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