Form 4: N-able Executive Michael Adler Reports Stock Disposal for Tax Obligations

Michael Adler, EVP and CTPO of N-able, Inc., disposed of 15,371 shares of common stock on May 15, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On May 15, 2024, Michael Adler, the EVP and CTPO of N-able, Inc., reported a transaction involving the disposal of 15,371 shares of common stock.
• The shares were disposed of to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• The transaction was executed at a price of $12.82 per share.
• Following the transaction, Adler directly owns 430,548 shares of N-able common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to a standard transaction for tax obligations.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Stock disposals to cover tax obligations are a standard practice among executives in publicly traded companies.
• Similar transactions are frequently observed in filings from companies like Microsoft, Amazon, and Google, where stock-based compensation is a significant part of executive pay.

Stakeholder Impact

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

Key Dates