NTAP.NASDAQNetapp, INC

Form 4: NetApp Executive Elizabeth O'Callahan Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Elizabeth O'Callahan, EVP and Chief Legal Officer of NetApp, Inc., reports the vesting and conversion of restricted stock units and a sale of shares to cover tax obligations.

Summary

  • On June 1, 2024, Elizabeth O'Callahan, EVP and Chief Legal Officer of NetApp, exercised restricted stock units, converting 1,250 units into common shares.
  • Also on June 1, 2024, she disposed of 626 common shares at a price of $120.43 to satisfy tax obligations.
  • Following these transactions, O'Callahan directly owns 13,010 common shares.
  • The reported transactions also include the purchase of 233 shares at $61.166 per share under the NetApp Employee Stock Purchase Plan on May 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, reflecting neutral sentiment as it reports factual transactions.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates

DateDescription
07/01/2020Reporting person was granted 5,000 restricted stock units, vesting in four equal annual installments beginning on June 1, 2021.
05/31/2024Purchase of 233 shares under the NetApp Employee Stock Purchase Plan.
06/01/2021First vesting date of restricted stock units.
06/01/2024Exercise of restricted stock units and disposal of shares for tax obligations.
06/04/2024Date of signature on the Form 4 filing.

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