NN CEO reports tax withholding on restricted stock
NN, Inc. President and CEO Harold C. Bevis reported a routine tax-related share disposition.
Rhea-AI Filing Summary
NN, Inc. President and CEO Harold C. Bevis reported a routine tax-related share disposition. On the vesting of restricted stock, the issuer withheld 130,312 shares of common stock at $2.45 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale. After this withholding, Bevis directly holds 1,201,738 shares of NN, Inc. common stock.
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Insights
CEO’s Form 4 shows routine tax withholding on vested stock, not an open-market sale.
The filing reports that 130,312 shares of NN, Inc. common stock were withheld at $2.45 per share to cover taxes on restricted stock vesting. This is coded as an F-transaction, meaning it is a tax-withholding disposition, not a discretionary trade.
After the transaction, President and CEO Harold C. Bevis directly holds 1,201,738 shares, indicating a substantial remaining equity position. Because this event arises from equity compensation mechanics, it typically carries limited signaling value about management’s view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 130,312 | $2.45 | $319K |
Footnotes (1)
- F1. Represents the number of shares withheld by the Issuer to cover taxes relating to the vesting of restricted stock.
Key Figures
Key Terms
tax-withholding disposition financial
restricted stock financial
Form 4 regulatory
F-transaction regulatory
FAQ
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What insider transaction did NNBR CEO Harold C. Bevis report on this Form 4?
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