Form 4: N-able Executive Peter Anastos Reports Stock Transactions
SEC Form 4 Filing
EVP, GC, and Secretary of N-able, Inc., Peter Anastos, reports acquisition and disposal of company stock and derivative securities.
Summary
- Peter Anastos, an executive at N-able, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Anastos acquired 34,056 performance stock units and 30,738 restricted stock units, both at a price of $0.
- On the same day, 3,332 shares were disposed of at $9.98 to cover tax obligations related to vesting performance stock units.
- Following these transactions, Anastos directly owns 361,663 shares of N-able common stock.
- The performance stock units vest in three equal installments on February 20, 2025, February 15, 2026, and February 15, 2027.
- The restricted stock units vest 25% on February 15, 2025, and then 6.25% per quarter over the following twelve quarters.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the executive's ongoing stake in the company's performance.
Stakeholder Impact
- The transactions may provide insights to stakeholders regarding management's view on the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of earliest transaction: acquisition of performance stock units and restricted stock units, disposal of shares for tax obligations. |
| 02/20/2025 | First vesting date for performance stock units. |
| 02/15/2026 | Second vesting date for performance stock units. |
| 02/15/2027 | Third vesting date for performance stock units. |
| 02/15/2025 | First vesting date for restricted stock units. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
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