Form 4: N-able Director Michael Widmann Awarded Restricted Stock Units

Michael Widmann, a director of N-able, Inc., received 14,229 restricted stock units as part of the company's non-employee director compensation program.

Summary

• Michael Widmann, a director of N-able, Inc., was awarded 14,229 restricted stock units on May 22, 2024.
• These restricted stock units are part of N-able's non-employee director compensation program.
• The restricted stock units vest in full on the day immediately preceding the Issuer's next annual meeting of stockholders following the grant date, subject to the director's continued service through such date.
• The securities are held by Mr. Widmann for the benefit of Silver Lake Technology Management, L.L.C. and/or certain of its affiliates or certain of the funds they manage ('Silver Lake').
• Upon the sale of these securities, the proceeds from each sale will be expected to be remitted to Silver Lake and/or its limited partners.

Sentiment

Score: 7

Explanation: The document reports a routine transaction (granting of restricted stock units) and doesn't contain any alarming information. The sentiment is neutral to slightly positive as it reflects standard corporate governance practices.

Positives

• The award of restricted stock units aligns the director's interests with those of the company and its shareholders.
• The vesting schedule encourages continued service by the director.

Industry Context

The granting of restricted stock units to directors is a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• The award of restricted stock units to a director can positively impact shareholders by aligning the director's interests with the company's long-term success.

Key Dates