NN Inc (NASDAQ: NNBR) HR executive has shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NN Inc Senior VP of Human Resources Gail D. Nixon had 5,855 shares of common stock withheld on vesting of restricted stock to cover tax obligations, at a value of $1.45 per share. After this tax-withholding disposition, she directly holds 271,814 shares of NN Inc common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NIXON D. GAIL
Role
Senior VP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,855 | $1.45 | $8K |
Holdings After Transaction:
Common Stock — 271,814 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,855 shares
Per-share value for withholding: $1.45 per share
Shares held after transaction: 271,814 shares
3 metrics
Shares withheld for taxes
5,855 shares
Withheld upon restricted stock vesting for tax obligations
Per-share value for withholding
$1.45 per share
Value applied to withheld shares
Shares held after transaction
271,814 shares
Direct ownership after tax-withholding disposition
Key Terms
restricted stock, withholding tax obligations, tax-withholding disposition
3 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"
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.
FAQ
What did NNBR executive Gail D. Nixon report in this Form 4?
Gail D. Nixon, Senior VP of Human Resources at NN Inc, reported a tax-related share disposition. 5,855 shares of common stock were withheld to satisfy tax obligations when restricted stock vested, rather than being sold in the open market.