Form 4: N-able Executive Frank Colletti Sells Shares to Cover Tax Obligations

Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., sold 7,901 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Frank Colletti, an executive at N-able, Inc., sold 7,901 shares of the company's 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, Colletti directly owns 427,673 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

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions are frequently seen in companies like Microsoft, Oracle, and Salesforce, where executives receive stock-based compensation as part of their overall package.
• The number of shares sold and the price are within the typical range for such transactions.

Stakeholder Impact

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

Key Dates

Keywords

N-able, Frank Colletti, stock sale, insider trading, restricted stock units, tax obligations, executive compensation