NetApp President sell 16M in RSU and delivered NOTHING. Thoughts?

https://www.benzinga.com/sec/insider-trades/ntap/cesar-cernuda

Worth & Insider Trades
Cesar Cernuda - President, Netapp, Inc

As of December 19, 2022
What is Cesar Cernuda's Net Worth?

The current estimated net worth of Netapp, Inc's President, Cesar Cernuda, is estimated to be about $11.55M . Cesar Cernuda owns about 61,646 units of Netapp, Inc common stock. In the last 2 years at Netapp, Inc, Cesar Cernuda has sold an estimated value of $15.63M worth.
What is Cesar Cernuda's Past Insider Trading?

Cesar Cernuda's largest purchase order was 461 units , worth over $21.22K on June 17, 2022. Cesar Cernuda's largest sale order was 14,000 units , worth over $1.29M on September 17, 2021. In total, Cesar Cernuda has made about 17 transactions over 2 years of their time at Netapp, Inc. Cesar Cernuda usually trades in August and June, with the busiest year in 2022. The most recent transaction was a sale order of 18,000 units , worth over $1.13M on December 19, 2022.

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3 replies (most recent on top)

Not sure why they don’t have metrics for executives to hit and get fired if they don’t. Cesar flying around posting it on linked- how effective and by how much are they growing the business? what’s up with that?

Most executives have pre-planned / scheduled stock sales to avoid the appearance impropriety. This sale was a likely scheduled long before it occurred.

He got laid off? Why are you posting this here? Surely you're not looking for some secret stock buying tip here?

All CEO's and top executives get paid well, mainly from stock options. They have to sell stocks to get paid and will do so periodically. The sale is not timed and just a means to get income. Don't forget that about uncle sam getting he cut too on the sale.

I agree they get paid too much, but hey this is 'murica and capitalism at work. They're living the dream and worked for it. Not sure what you're gloating at here...

Don't worry. He'll quickly spend all that money and be as poor as everyone else.

Thread regarding NetApp layoffs

NetApp President sell 16M in RSU and delivered NOTHING. Thoughts?

3 replies (most recent on top)

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