Form 4: N-able Inc. Executive Kathleen Pai Reports Acquisition and Disposal of Common Stock

Kathleen Pai, EVP and Chief People Officer of N-able Inc., reports the acquisition of common stock through performance stock units and restricted stock units, as well as the disposal of shares to cover tax obligations.

Summary

• On February 20, 2025, Kathleen Pai, EVP and Chief People Officer of N-able Inc., acquired 35,366 shares of common stock through performance stock units and 32,018 shares through restricted stock units, both awarded under the company's 2021 Equity Incentive Plan.
• The performance stock units vest in three equal installments on February 20, 2025, February 15, 2026, and February 15, 2027.
• The restricted stock units vest 25% on the anniversary of February 15, 2025, and 6.25% per quarter over the following twelve quarters.
• Pai also disposed of 2,870 shares at $9.98 per share to satisfy tax withholding obligations related to the vesting of performance stock units.
• Following these transactions, Pai directly owns 494,232 shares of N-able Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares indicates confidence, while the disposal is a routine tax-related event. The vesting schedule aligns executive interests with long-term company performance.

Positives

• The acquisition of shares through performance and restricted stock units indicates confidence in the company's future performance.

Negatives

• The disposal of shares to cover tax obligations, while a normal occurrence, slightly reduces the total holdings.

Risks

• Continued service is required for the vesting of both performance and restricted stock units, creating a dependency on Pai's continued employment.

Future Outlook

The vesting schedule of the performance and restricted stock units extends into 2027, aligning Pai's interests with the long-term performance of N-able Inc.

Industry Context

Form 4 filings are routine disclosures for company insiders and provide transparency into their transactions in the company's stock. These filings are closely watched by investors for insights into management's sentiment and alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages often include stock options, restricted stock units, and performance-based awards to align management's interests with those of shareholders.
• Vesting schedules are common and typically require continued service to ensure retention and commitment.
• The specific terms of N-able's equity incentive plan would need to be compared to those of its peers in the IT management software industry to assess its competitiveness.

Stakeholder Impact

• The transactions signal to shareholders that a key executive is invested in the company's success.
• Employees may view the equity awards as a positive sign of the company's commitment to its leadership team.

Key Dates