Form 4: N-able CEO John Pagliuca Sells Shares to Cover Tax Obligations

N-able's CEO, John Pagliuca, sold 24,697 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• John Pagliuca, the President and CEO of N-able, Inc., sold 24,697 shares of common stock on November 15, 2024.
• The sale was executed at a price of $10.8 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Pagliuca directly owns 1,415,950 shares of N-able common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives at other firms.
• Comparable companies such as SolarWinds, Datto, and ConnectWise also see similar transactions by their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

N-able, John Pagliuca, stock sale, insider trading, Form 4, restricted stock units, tax obligations