Form 4: N-able Chief Accounting Officer Receives Significant Equity Award

N-able, Inc.'s Chief Accounting Officer, Christopher Stagno, was granted 25,615 restricted stock units as part of the company's 2021 Equity Incentive Plan.

Summary

• Christopher Stagno, the Chief Accounting Officer of N-able, Inc. (NABL), was awarded 25,615 restricted stock units (RSUs) on May 21, 2025.
• The RSUs were granted at a price of $0, indicating they are part of an equity compensation plan.
• Each RSU entitles the reporting person to receive one share of N-able's common stock upon vesting.
• The vesting schedule for these RSUs is structured to occur in four equal installments of 25% on May 15, 2026, May 15, 2027, May 15, 2028, and May 15, 2029.
• Vesting is contingent upon Christopher Stagno's continued service to the company through each applicable date.
• Following this transaction, Christopher Stagno beneficially owns 25,615 shares of N-able's common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive step for aligning management incentives with shareholder interests and for executive retention, reflecting a standard compensation practice.

Positives

• The equity grant aligns the Chief Accounting Officer's long-term financial interests with those of N-able's shareholders, incentivizing sustained company performance.
• The award serves as a retention mechanism for a key executive, ensuring continuity in leadership and financial oversight.
• The transaction demonstrates the company's active utilization of its 2021 Equity Incentive Plan to compensate and motivate its leadership.

Future Outlook

The vesting schedule for the restricted stock units extends through May 2029, indicating a long-term incentive structure designed to retain the Chief Accounting Officer and align his performance with the company's future success.

Industry Context

The grant of restricted stock units to a Chief Accounting Officer is a common and standard practice within the technology and software industry for executive compensation. This method is widely used to attract, retain, and motivate key personnel by providing them with a direct stake in the company's long-term performance.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a standard practice across publicly traded companies, particularly in the technology sector, aligning with compensation strategies observed at companies like Microsoft, Salesforce, and Adobe.
• The multi-year vesting schedule (four years) is typical for executive equity awards, comparable to vesting periods seen in similar roles at peer companies, designed to encourage long-term commitment and performance.

Related Party Transactions

• The transaction represents an equity award from N-able, Inc. to its Chief Accounting Officer, Christopher Stagno, which is a standard related-party compensation arrangement under the company's 2021 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: Potential positive impact due to enhanced alignment of executive interests with long-term shareholder value creation.
• Employees: Reinforces the company's commitment to its equity incentive plans, potentially boosting morale and retention for other employees.

Next Steps

• Christopher Stagno's continued service to N-able, Inc. to meet the vesting conditions for the restricted stock units.
• Automatic conversion of vested restricted stock units into shares of N-able common stock on each of the specified vesting dates (May 15, 2026, 2027, 2028, and 2029).

Key Dates

Recommendation

Keywords

N-able, NABL, Christopher Stagno, Restricted Stock Units, RSU, Equity Incentive Plan, Executive Compensation, Insider Transaction, Form 4, Stock Award