Director Francis J. Pelzer filed a Form 4 with the SEC on September 10, 2026, disclosing the vesting of restricted stock units and the receipt of a new RSU grant at NetApp, Inc. (NASDAQ:NTAP).

Key Highlights

  • RSU vesting: 2,307 restricted stock units vested on September 8, 2026, converting into 2,307 common shares on a one-for-one basis.
  • Original grant date: The vested RSUs were originally granted on September 10, 2025, according to the filing.
  • New RSU award: On September 9, 2026, Pelzer received a new grant of 1,542 restricted stock units.
  • Vesting condition: The new RSUs vest on the day immediately preceding the date of the next Annual Meeting of Stockholders, subject to continuous board service.
  • Post-transaction ownership: Following these transactions, Pelzer directly holds 3,763 common shares and 1,542 RSUs.

NetApp Director Pelzer's RSU Activity: Vesting, Conversion, and New Award

According to the Form 4 filing, Francis J. Pelzer, identified as a Director of NetApp, Inc., reported two distinct RSU events. First, 2,307 restricted stock units that had been granted on September 10, 2025 vested on September 8, 2026, described in the filing as "the day immediately preceding the date of the 2026 Annual Meeting of Stockholders." These units converted into common shares on a one-for-one basis, recorded under transaction code M in Table I as an acquisition of 2,307 common shares.

The filing also shows a separate transaction in Table II: on September 9, 2026, Pelzer received a new award of 1,542 restricted stock units, recorded under transaction code A. The filing states these RSUs "vest on the day immediately preceding the date of the next Annual Meeting of Stockholders of the Company following the grant date, subject to the reporting person's continuous service on the Board through such date." No exercise or conversion price is listed for the RSUs, consistent with the filing's note that they convert into common stock on a one-for-one basis.

Following all reported transactions, Pelzer directly beneficially owns 3,763 common shares and holds 1,542 RSUs. All ownership is reported as direct. The form was signed by Colin Lloyd as Attorney-in-Fact for Francis J. Pelzer on September 10, 2026.

What Was Disclosed

Director Francis J. Pelzer disclosed the vesting of 2,307 RSUs into common shares at NetApp and the receipt of a new grant of 1,542 RSUs on September 9, 2026, resulting in direct ownership of 3,763 common shares and 1,542 outstanding RSUs.