80,000 RSUs granted to N-able (NABL) EVP Kathleen Pai
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
N-able, Inc. reported that EVP and Chief People Officer Kathleen Pai acquired 80,000 shares of common stock through a grant of restricted stock units at a price of $0.00 per share under the 2021 Equity Incentive Plan. Each restricted stock unit entitles her to receive one share of common stock upon vesting. The units vest 25% on the anniversary of February 15, 2026 and 6.25% per quarter over the following twelve quarters on May 15, August 15, November 15 and February 15, subject to her continued service. Following this award, she directly holds 624,097 shares of N-able common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pai Kathleen
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 80,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 624,097 shares (Direct)
Footnotes (1)
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FAQ
What did N-able (NABL) EVP Kathleen Pai report on this Form 4?
EVP and Chief People Officer Kathleen Pai reported receiving 80,000 restricted stock units of N-able common stock. The award was granted at $0.00 per share under the 2021 Equity Incentive Plan as a form of equity compensation, not an open-market stock purchase.
What is the vesting schedule for Kathleen Pai’s 80,000 N-able (NABL) restricted stock units?
The 80,000 restricted stock units vest 25% on the anniversary of February 15, 2026. The remaining units vest 6.25% per quarter over the next twelve quarters on May 15, August 15, November 15 and February 15, subject to continued service.
Under which plan were Kathleen Pai’s N-able (NABL) restricted stock units granted?
The restricted stock units were granted under N-able’s 2021 Equity Incentive Plan. This plan provides stock-based awards like RSUs, aligning executive compensation with company performance through future delivery of common shares upon vesting conditions being satisfied.
Did Kathleen Pai pay cash for the 80,000 N-able (NABL) restricted stock units?
No, the 80,000 restricted stock units were granted at a reported price of $0.00 per share. This indicates an equity incentive award, where shares are provided upon vesting instead of being purchased on the open market for cash.