Form 4: N-able Executive Peter Anastos Sells Shares to Cover Tax Obligations

Executive Vice President, General Counsel, and Secretary of N-able, Inc., Peter Anastos, sold 3,577 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Peter Anastos, an executive at N-able, Inc., sold 3,577 shares of common stock on November 15, 2024.
• The sale was executed at a price of $10.8 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Anastos directly owns 319,197 shares of N-able common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with vesting of restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not necessarily indicate a change in the executive's outlook on the company's future.

Stakeholder Impact

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

Key Dates

Keywords

N-able, Peter Anastos, stock sale, insider trading, Form 4, restricted stock units, tax obligations