Form 4: NetApp EVP, Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Elizabeth M O'Callahan, EVP, Chief Legal Officer of NetApp, Inc., reports the vesting and disposal of restricted stock units.
Summary
- On February 15, 2025, Elizabeth M O'Callahan, EVP, Chief Legal Officer of NetApp, Inc., reported transactions involving NetApp's common shares.
- O'Callahan disposed of 3,845 shares and acquired 3,845 shares through the vesting of restricted stock units.
- She also disposed of 1,970 shares to cover tax obligations at a price of $119.06 per share.
- Following these transactions, O'Callahan directly owns 13,428 common shares.
- The transactions involved the vesting of restricted stock units granted on July 1, 2021, July 1, 2022, and July 13, 2023, which convert into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports routine stock transactions related to executive compensation.
Industry Context
Executive stock transactions are a routine part of corporate governance and compensation practices, providing insights into executive sentiment and aligning their interests with shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | Grant date of 28,700 restricted stock units, vesting quarterly after May 15, 2022. |
| May 15, 2022 | First vesting date (25%) for restricted stock units granted on July 1, 2021. |
| July 1, 2022 | Grant date of 16,758 restricted stock units, vesting quarterly after May 15, 2023. |
| May 15, 2023 | First vesting date (25%) for restricted stock units granted on July 1, 2022. |
| July 13, 2023 | Grant date of 16,058 restricted stock units, vesting quarterly after May 15, 2024. |
| May 15, 2024 | First vesting date (25%) for restricted stock units granted on July 13, 2023. |
| February 15, 2025 | Date of reported stock transactions (vesting and disposal). |
| February 20, 2025 | Date of signature for the Form 4 filing. |
Keywords
NetApp, NTAP, Form 4, Stock Transaction, Restricted Stock Units, Beneficial Ownership, O'Callahan, Executive Compensation
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