Form 4: N-able Inc. Director William G. Bock Reports Acquisition of Restricted Stock Units

Director William G. Bock reports acquisition of 14,229 restricted stock units (RSUs) in N-able, Inc. as part of the non-employee director compensation program.

Summary

• On May 22, 2024, William G. Bock, a director of N-able, Inc., acquired 14,229 restricted stock units (RSUs) as part of the company's non-employee director compensation program.
• These RSUs entitle Bock to receive one share of N-able's common stock per RSU upon vesting.
• The RSUs vest in full on the day immediately preceding the company's next annual meeting of stockholders following the grant date, contingent upon Bock's continued service as a director.
• Following the transaction, Bock directly owns 92,638 shares of N-able common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment due to alignment of interests between the director and shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continued service through the date immediately preceding the company's next annual meeting of stockholders.

Industry Context

The granting of restricted stock units to non-employee directors is a common practice in corporate governance to align the interests of directors with those of shareholders and incentivize long-term commitment.

Comparison to Industry Standards

• Granting RSUs to directors is a common practice among publicly traded companies to align their interests with shareholders.
• Companies like Microsoft, Apple, and Alphabet also use stock-based compensation for their board members.
• The vesting schedules and amounts may vary based on company size, industry, and individual director roles.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates