Revenue chief at N-able (NYSE: NABL) awarded 70,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
N-able, Inc. disclosed that EVP and Chief Revenue Officer Frank Colletti acquired 70,000 shares of common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan. Each unit converts into one share upon vesting. The grant vests 25% on the anniversary of February 15, 2026 and then 6.25% per quarter over the next twelve quarters on May 15, August 15, November 15 and February 15 dates, subject to his continued service. Following this award, Colletti directly holds 560,923 shares of N-able common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Colletti Frank
Role
EVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 70,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 560,923 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did N-able (NABL) report for Frank Colletti?
N-able reported that EVP and Chief Revenue Officer Frank Colletti received a grant of 70,000 restricted stock units. Each unit represents the right to receive one share of common stock upon vesting under the company’s 2021 Equity Incentive Plan.
How do the 70,000 N-able (NABL) restricted stock units vest?
The 70,000 restricted stock units vest 25% on the anniversary of February 15, 2026. The remaining units vest in 6.25% quarterly installments over the following twelve quarters, on May 15, August 15, November 15 and February 15, conditioned on continued service.
What plan governs Frank Colletti’s new N-able (NABL) equity award?
Frank Colletti’s 70,000 restricted stock units were granted under N-able’s 2021 Equity Incentive Plan. This plan provides equity-based awards, such as restricted stock units, that typically vest over time based on continued employment or service conditions.
Is Frank Colletti’s N-able (NABL) Form 4 transaction a purchase or a grant?
The Form 4 transaction is a grant or award, not an open-market purchase. Colletti acquired 70,000 restricted stock units at a reported price of $0.00 per unit as an equity incentive, subject to a multi-year vesting schedule tied to continued service.