Form 4: N-able Executive Peter Anastos Reports PSU Vesting

N-able's EVP, GC, and Secretary, Peter C. Anastos, reported the vesting of performance stock units and related tax withholding.

Summary

• Peter C. Anastos, Executive Vice President, General Counsel, and Secretary of N-able, Inc., reported transactions related to his beneficial ownership.
• On February 4, 2026, Anastos acquired 48,749 shares of N-able common stock, par value $0.001 per share, at a price of $0.
• These shares represent performance stock units (PSUs) awarded under the issuer's 2021 Equity Incentive Plan, for which performance criteria have been satisfied.
• The PSUs vest in three equal installments on February 4, 2026, February 15, 2027, and February 15, 2028, contingent on continued service.
• Concurrently, 5,630 shares of common stock were disposed of on February 4, 2026, at a price of $5.59 per share.
• This disposition was to satisfy tax withholding obligations associated with the vesting of the performance stock units.
• Following these transactions, Anastos directly beneficially owns 411,091 shares of N-able common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful achievement of performance criteria for executive compensation and the retention of a key executive, which are generally favorable signals.

Positives

• The vesting of 48,749 performance stock units indicates that performance criteria set by N-able's 2021 Equity Incentive Plan have been met.
• The continued vesting schedule through February 2028 suggests ongoing executive tenure and alignment with long-term company performance.

Negatives

• A disposition of 5,630 shares occurred to cover tax withholding obligations, reducing the executive's direct shareholdings, though this is a standard practice for equity compensation.

Future Outlook

The filing indicates future vesting dates for performance stock units on February 15, 2027, and February 15, 2028, subject to continued service, suggesting an expectation of ongoing executive tenure.

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 are routine disclosures for publicly traded companies, reflecting executive compensation practices. The vesting of performance-based equity awards is a common mechanism to align executive incentives with shareholder value creation in the technology and software industry, where N-able operates.

Comparison to Industry Standards

• The use of performance stock units (PSUs) with multi-year vesting schedules is a common executive compensation practice across the technology sector, similar to companies like Microsoft, Salesforce, and Adobe, which tie a significant portion of executive pay to long-term performance and retention.
• The disposition of shares to cover tax withholding obligations upon vesting is a standard and expected event for equity compensation, consistent with practices observed at most publicly traded companies globally.

Stakeholder Impact

• Shareholders: The vesting of PSUs indicates that performance targets, which are typically aligned with shareholder interests, have been met. The disposition for tax purposes is a standard event and does not reflect a change in the executive's confidence in the company.
• Employees: The continued tenure and compensation of a key executive like Peter C. Anastos can signal stability and continuity in leadership.

Next Steps

• Future vesting installments for Peter C. Anastos's performance stock units are scheduled for February 15, 2027, and February 15, 2028, contingent on his continued service.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (PSU vesting and tax withholding) and does not provide new material information that would significantly alter the investment thesis for N-able, Inc. While the vesting indicates performance targets were met, it's an expected part of executive compensation. Therefore, a 'hold' recommendation is appropriate, as this filing alone is unlikely to be a catalyst for a significant price movement or a change in fundamental outlook.

Keywords

N-able, NABL, Peter Anastos, Form 4, Insider Transaction, Performance Stock Units, PSU Vesting, Executive Compensation, Equity Incentive Plan, Tax Withholding