Form 4: N-able Executive Frank Colletti Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Frank Colletti, EVP and Chief Revenue Officer of N-able, Inc., sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 15, 2024, Frank Colletti, the EVP and Chief Revenue Officer of N-able, Inc., disposed of 7,901 shares of common stock.
- The shares were sold at a price of $12.82 per share.
- This transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Colletti directly owns 476,808 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction for covering tax obligations related to stock vesting.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction: Frank Colletti disposed of shares. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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