Form 4: NetApp Executive Harvinder S Bhela Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Product Officer of NetApp, Harvinder S Bhela, reports the vesting and disposal of restricted stock units and a small purchase of common stock through the employee stock purchase plan.
Summary
- Harvinder S Bhela, EVP and Chief Product Officer of NetApp, filed a Form 4 detailing changes in beneficial ownership of NetApp stock.
- On August 15, 2024, Bhela vested 2,923 common shares from restricted stock units.
- Also on August 15, 2024, Bhela disposed of 1,150 common shares to cover tax obligations at a price of $131.43 per share.
- Bhela also acquired 347 shares through the NetApp Employee Stock Purchase Plan on May 31, 2024, at $61.166 per share.
- Following these transactions, Bhela directly owns 134,958 common shares.
- Bhela also holds 10,801 restricted stock units from a July 1, 2022 grant and 15,180 restricted stock units from a July 13, 2023 grant.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| July 1, 2022 | Reporting person was granted 24,688 restricted stock units. |
| July 13, 2023 | Reporting person was granted 22,079 restricted stock units. |
| May 31, 2024 | Reporting person purchased 347 shares at $61.166 per share under the NetApp Employee Stock Purchase Plan. |
| August 15, 2024 | Vesting of 2,923 common shares from restricted stock units and disposal of 1,150 common shares at $131.43. |
| August 19, 2024 | Date of signature for the Form 4 filing. |
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