NN Inc (NNBR) CFO uses 9,205 shares to cover tax on restricted stock vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc. SVP and CFO Christopher H. Bohnert reported a tax-related share disposition under the company’s equity plan. On this Form 4, 9,205 shares of common stock were withheld by the company at a value of $2.68 per share to cover taxes arising from the vesting of restricted stock, rather than being sold in the open market. After this withholding, Bohnert directly holds 168,814 shares of NN Inc. common stock, indicating he continues to maintain a substantial equity position while satisfying his tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bohnert Christopher H
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,205 | $2.68 | $25K |
Holdings After Transaction:
Common Stock — 168,814 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 9,205 shares
Withholding price per share: $2.68 per share
Shares held after transaction: 168,814 shares
3 metrics
Shares withheld for taxes
9,205 shares
Common stock withheld to cover taxes on restricted stock vesting
Withholding price per share
$2.68 per share
Value used for 9,205 withheld shares
Shares held after transaction
168,814 shares
Direct NN Inc common stock ownership after tax withholding
Key Terms
restricted stock, tax-withholding disposition, Form 4
3 terms
restricted stock financial
"to cover taxes relating to the vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did NN Inc (NNBR) report for CFO Christopher Bohnert?
NN Inc reported that CFO Christopher H. Bohnert had 9,205 shares of common stock withheld to cover taxes on restricted stock vesting. This was a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation administration.
What does a tax-withholding disposition mean in the NNBR CFO’s Form 4?
A tax-withholding disposition means the issuer withholds shares to pay taxes due on equity awards. For NN Inc, 9,205 shares were withheld from the CFO’s vested restricted stock rather than sold on the market, making it a routine administrative transaction, not a discretionary trade.