NN Inc. (NNBR) GC granted 80,623 restricted shares; 4,395 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc. senior vice president and general counsel Jami Statham reported routine equity compensation activity in company stock. Statham received a grant of 80,623 shares of restricted common stock at no cost, which will vest in three equal annual installments beginning on March 18, 2027.
On the same date, 4,395 shares of common stock were withheld by the company at $1.23 per share to satisfy withholding tax obligations tied to the vesting of restricted stock, rather than being sold on the open market. After these transactions, Statham directly holds 129,481 shares of NN Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
STATHAM JAMI
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,623 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,395 | $1.23 | $5K |
Holdings After Transaction:
Common Stock — 133,876 shares (Direct)
Footnotes (1)
- Represents restricted stock which vests in three equal annual installments beginning on March 18, 2027. Represents shares withheld to satisfy withholding tax obligations upon the vesting of restricted stock.
FAQ
What insider transactions did NNBR executive Jami Statham report?
Jami Statham reported a routine equity award and related tax withholding. She received 80,623 shares of restricted NN Inc. common stock and had 4,395 shares withheld at $1.23 per share to cover tax obligations on vesting restricted stock.
What does transaction code F mean in Jami Statham’s NNBR Form 4?
Transaction code F indicates shares used to pay taxes or exercise costs by delivering stock. In Statham’s case, 4,395 NN Inc. shares at $1.23 each were withheld to satisfy withholding tax obligations related to vesting restricted stock, not discretionary selling.