Form 4: NetApp EVP, CFO Wissam Jabre Reports Acquisition of 85,963 Restricted Stock Units

NetApp's EVP and CFO, Wissam Jabre, reports the acquisition of 85,963 restricted stock units on April 15, 2025, according to a Form 4 filing with the SEC.

Summary

• Wissam Jabre, EVP and CFO of NetApp, Inc., filed a Form 4 with the SEC.
• The filing reports that on April 15, 2025, Mr. Jabre was granted 85,963 restricted stock units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will vest in three equal annual installments, contingent upon continued service, starting one year from the grant date.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing regarding executive compensation, which is generally neutral to slightly positive as it incentivizes management.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The restricted stock units will vest annually over the next three years, subject to continued service.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to incentivize performance and align interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units is a standard practice in the tech industry for executive compensation.
• Companies like Microsoft, Oracle, and IBM also use RSUs as part of their compensation packages for executives.
• The vesting schedule of three years is also a common practice.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with company performance.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

Form 4, Restricted Stock Units, Wissam Jabre, NetApp, NTAP, SEC Filing, Executive Compensation