Form 4: N-able Executive Tim O'Brien Sells Shares to Cover Tax Obligations

N-able's EVP and Chief Financial Officer, Tim O'Brien, sold 10,810 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Tim O'Brien, the Executive Vice President and Chief Financial Officer of N-able, Inc., sold 10,810 shares of common stock on November 15, 2024.
• The sale was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, O'Brien directly owns 499,451 shares of N-able common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

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

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies use restricted stock units as part of their compensation packages, leading to similar transactions by executives in other firms.
• The number of shares sold and the price are specific to N-able and its executive compensation plan, but the underlying reason for the sale is typical.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

N-able, Tim O'Brien, stock sale, executive, Form 4, restricted stock units, tax obligations