I came across the following KB which states that authenticated SMTP has been supported since ONTAP version 9.15:
NetApp KB - Can the username and password for the SMTP server be specified when setting up the SMTP server for event notification?
I've configured it accordingly on version 9.16.1P5, but it's not working as expected yet.
One thing that concerns me: when I run event config show, the password appears in plain text.
Has anyone else experienced this behavior?