Form 4: N-able Inc. CEO John Pagliuca Reports Stock Transaction
SEC Form 4 Filing
N-able Inc.'s CEO, John Pagliuca, reported the disposition of 24,699 shares to cover tax obligations related to vesting restricted stock units on May 15, 2024.
Summary
- John Pagliuca, the President and CEO of N-able, Inc., filed a Form 4 with the SEC on May 17, 2024.
- The report details a transaction that occurred on May 15, 2024, where 24,699 shares of common stock were disposed of at a price of $12.82 per share.
- This disposition was to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Pagliuca directly owns 1,616,302 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock transaction (disposal of shares). |
| 05/17/2024 | Date of Form 4 filing. |
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