Nelnet (NYSE: NNI) CEO awarded 7,527 restricted shares; 2,422 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nelnet Inc. Chief Executive Officer Jeffrey R. Noordhoek reported compensation-related share movements in Class A Common Stock. On March 10, 2026, he received 7,527 restricted shares as an award with no purchase price. These shares vest in five equal installments each year on March 10 under the company’s Restricted Stock Plan.
On the same date, a total of 2,422 shares were withheld by the issuer at $131.23 per share to cover his tax obligations from the vesting of a previously reported grant, a non-market "F" tax-withholding disposition under Rule 16b-3(d). After these transactions, he directly holds 109,583 shares, which include 5,148 shares from the Employee Share Purchase Plan, and also reports indirect holdings through two trusts as disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
NOORDHOEK JEFFREY R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,195 | $131.23 | $157K |
| Tax Withholding | Class A Common Stock | 537 | $131.23 | $70K |
| Tax Withholding | Class A Common Stock | 486 | $131.23 | $64K |
| Tax Withholding | Class A Common Stock | 204 | $131.23 | $27K |
| Grant/Award | Class A Common Stock | 7,527 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 103,283 shares (Direct);
Class A Common Stock — 311,008 shares (Indirect, By trust)
Footnotes (1)
- These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d). Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2026. Includes 5,148 shares issued pursuant to the issuer's Employee Share Purchase Plan. These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year. Shares held by The Jeffrey R. Noordhoek Amended and Restated Revocable Trust, dated August 9, 2016, which is a revocable trust with respect to which the reporting person is the trustee and settlor, and the reporting person, his spouse and children are beneficiaries. Shares held by the Jeffrey Noordhoek Post Annuity Irrevocable Trust dated August 29, 2003, of which the reporting person's spouse and children are initial beneficiaries. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
FAQ
What did Nelnet (NNI) CEO Jeffrey Noordhoek report in this Form 4?
Nelnet CEO Jeffrey Noordhoek reported a grant of 7,527 restricted shares of Class A Common Stock and related tax-withholding dispositions on March 10, 2026. These movements are compensation and tax events, not open-market stock purchases or sales.
What is the size and vesting schedule of the restricted stock award to Nelnet’s CEO?
Jeffrey Noordhoek received 7,527 restricted shares under Nelnet’s Restricted Stock Plan. These shares vest equally over five years, with one-fifth of the award vesting each year on March 10, subject to the plan’s terms and continued eligibility.
Did the Nelnet (NNI) CEO make any open-market stock sales or purchases?
The Form 4 shows no open-market buys or sells. All dispositions were "F" code tax-withholding transactions, where shares were delivered to the issuer to pay tax liabilities tied to equity compensation vesting, rather than discretionary market trading.