4/A: N-able Executive Tim O'Brien Amends SEC Filing to Correctly Report Beneficial Ownership After Tax Withholding
SEC Filing Amendment
Tim O'Brien, EVP and CFO of N-able, Inc., files an amended Form 4 to correct the reported amount of securities beneficially owned following a transaction involving tax withholding obligations.
Summary
- Tim O'Brien, the EVP and Chief Financial Officer of N-able, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the amount of securities beneficially owned following a transaction on August 15, 2024.
- The transaction involved the withholding of 10,810 shares to satisfy tax obligations related to the vesting of restricted stock units.
- The corrected filing shows O'Brien beneficially owning 554,412 shares of common stock after the transaction.
Sentiment
Score: 7
Explanation: The document is a routine correction of an SEC filing, indicating a neutral sentiment. The correction itself doesn't suggest any positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The corrected filing ensures accurate information is available to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction involving tax withholding and vesting of restricted stock units. |
| 08/19/2024 | Date of original Form 4 filing (amended on 08/20/2024). |
| 08/20/2024 | Date of amended Form 4 filing. |
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