Form 4: N-able Executive Adler Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael I. Adler, EVP, CTPO of N-able, Inc., sold 4,293 shares of common stock on August 15, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Michael I. Adler, an Executive Vice President and Chief Technology and Product Officer (EVP, CTPO) at N-able, Inc. (NABL), sold 4,293 shares of the company's common stock.
- The sale was executed at a price of $12.8 per share.
- This transaction was conducted to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Adler directly owns 426,255 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't necessarily reflect a positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales for tax purposes are a common occurrence in publicly traded companies, especially around vesting events for equity compensation.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock sale transaction |
| 08/19/2024 | Date of signature on the Form 4 filing |
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