Executive at N-able (NABL) granted 30,000 time-vested restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stagno Christopher reported acquisition or exercise transactions in this Form 4 filing.
N-able, Inc. reported that Chief Accounting Officer Christopher Stagno received an award of 30,000 restricted stock units of common stock as equity compensation. These units were granted at no cash cost to him and increase his directly owned stake to 73,581 shares after the award.
The award vests over time, with 25% vesting on the anniversary of February 15, 2026 and the remaining 75% vesting in 6.25% quarterly installments over the next twelve quarters on February 15, May 15, August 15, and November 15, subject to continued service. Each vested unit will deliver one share of N-able common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stagno Christopher
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 73,581 shares (Direct)
Footnotes (1)
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FAQ
What did N-able (NABL) disclose about Christopher Stagno's recent equity award?
N-able disclosed that Chief Accounting Officer Christopher Stagno received 30,000 restricted stock units of common stock. These units were granted as equity compensation and will convert into shares as they vest over time, aligning his interests more closely with company performance and long-term service.
What are the vesting terms of Christopher Stagno's N-able (NABL) restricted stock units?
The 30,000 restricted stock units vest 25% on the anniversary of February 15, 2026. The remaining 75% vests in 6.25% quarterly installments over the next twelve quarters on February 15, May 15, August 15, and November 15, conditioned on continued service.
Does Christopher Stagno pay cash for his N-able (NABL) restricted stock units?
Christopher Stagno does not pay cash for these restricted stock units, which were granted at a reported price of $0.0000 per unit. They are an equity-based compensation award that entitles him to receive one share of N-able common stock for each unit as it vests.
What plan governs Christopher Stagno's new N-able (NABL) restricted stock units?
The restricted stock units were awarded under N-able's 2021 Equity Incentive Plan. This plan allows the company to grant equity awards to executives and other participants, providing long-term incentives that typically vest over several years, subject to conditions such as continued employment or service.