NN Inc (NASDAQ: NNBR) SVP withholds 1,514 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc executive Jami Statham, SVP and General Counsel, reported a routine tax-related share disposition. On the vesting of restricted stock, 1,514 shares of common stock were withheld at $3.47 per share to satisfy withholding tax obligations. After this non‑market transaction, Statham directly holds 127,967 shares of NN Inc common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STATHAM JAMI
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,514 | $3.47 | $5K |
Holdings After Transaction:
Common Stock — 127,967 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,514 shares
Withholding price: $3.47 per share
Shares owned after transaction: 127,967 shares
3 metrics
Shares withheld for taxes
1,514 shares
Withholding on restricted stock vesting
Withholding price
$3.47 per share
Value used for tax-withholding disposition
Shares owned after transaction
127,967 shares
Direct ownership following tax withholding
Key Terms
restricted stock, withholding tax obligations, tax-withholding disposition, Form 4
4 terms
restricted stock financial
"upon 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.
withholding tax obligations financial
"shares withheld to satisfy withholding tax obligations upon the vesting"
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 did NNBR executive Jami Statham report in this Form 4?
Jami Statham reported a tax-withholding disposition of 1,514 NN Inc common shares. The shares were withheld to cover tax obligations triggered by restricted stock vesting, rather than sold in the open market, and reflect routine compensation-related activity.