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 subsequent sale of restricted stock units.
Summary
- Harvinder S Bhela, EVP and Chief Product Officer of NetApp, filed a Form 4 detailing changes in beneficial ownership of NetApp stock.
- On May 15, 2024, restricted stock units vested and converted into 7,062 common shares.
- Also on May 15, 2024, 2,778 shares were disposed of at a price of $110.62.
- Following these transactions, Bhela directly owns 39,092 common shares and 16,560 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| March 1, 2024 | Power of Attorney executed. |
| 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 15, 2023 | First vesting date for restricted stock units granted on July 1, 2022 (25%). |
| May 15, 2024 | Restricted stock units vested and shares were sold. |
| May 17, 2024 | Date of Form 4 filing. |
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