Form 4: N-able Executive Kathleen Pai Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kathleen Pai, EVP and Chief People Officer of N-able, Inc., disposed of 16,801 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Kathleen Pai, the EVP and Chief People Officer of N-able, Inc., disposed of 16,801 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $9.93 per share.
- Following the transaction, Pai directly owns 429,718 shares of N-able common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction for tax purposes.
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 disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transaction. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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