A Form 4 filed on September 10, 2026 discloses changes in beneficial ownership of NetApp, Inc. (NASDAQ:NTAP) common shares by director Carrie Palin, reflecting the vesting of a prior restricted stock unit grant and the award of a new grant on September 9, 2026.

Key Highlights

  • RSU vesting: 2,307 restricted stock units granted on September 10, 2025 vested on September 8, 2026, the day immediately preceding the 2026 Annual Meeting of Stockholders.
  • Common shares after vesting: Following the September 8, 2026 transaction, Palin directly held 11,660 common shares.
  • New RSU grant: On September 9, 2026, Palin received a new award of 1,542 restricted stock units, which vest on the day immediately preceding the next Annual Meeting of Stockholders, subject to continuous board service.
  • Derivative securities held: After the new grant, Palin held 1,542 restricted stock units outstanding; the previously vested 2,307-unit award shows zero remaining derivative units.
  • Relationship to issuer: Palin is identified in the filing as a director of NetApp, Inc.
  • One-for-one conversion: According to the filing, restricted stock units convert into common stock on a one-for-one basis.

Details of Carrie Palin's NetApp RSU Transactions in September 2026

According to the filing, director Carrie Palin reported two distinct events affecting her beneficial ownership of NetApp, Inc. common shares. On September 8, 2026, 2,307 restricted stock units that had been granted on September 10, 2025 converted into common shares via a transaction coded "M" (conversion of derivative security). The filing states these units vested "on September 8, 2026, the day immediately preceding the date of the 2026 Annual Meeting of Stockholders." No price is listed for the vesting transaction, consistent with standard RSU conversion reporting. Following this transaction, the filing reports Palin directly held 11,660 common shares.

Separately, on September 9, 2026, Palin received a new grant of 1,542 restricted stock units, recorded as an acquisition in Table II. The filing states these units "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." As of the filing, those 1,542 units remain outstanding as derivative securities, with no price listed for the grant itself.

The Form 4 was signed by Colin Lloyd as attorney-in-fact for Carrie Palin and filed on September 10, 2026. All ownership reflected in the filing is listed as direct. The filing covers non-derivative securities in Table I and derivative securities in Table II, with both the vested and newly granted RSUs converting or convertible into common shares on a one-for-one basis, as disclosed in the filing's explanation of responses.

What Was Disclosed

The filing reports that NetApp director Carrie Palin had 2,307 restricted stock units vest on September 8, 2026, resulting in direct ownership of 11,660 common shares, and separately received a new grant of 1,542 restricted stock units on September 9, 2026.