Form 4: N-able Inc. Executive Kathleen Pai Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kathleen Pai, EVP and Chief People Officer of N-able, Inc., disposed of 4,264 shares of common stock on August 15, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Kathleen Pai, the EVP and Chief People Officer of N-able, Inc., disposed of 4,264 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- The price per share was $12.8.
- Following the transaction, Pai directly owns 450,783 shares of N-able, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/19/2024 | Date of signature on the Form 4 filing |
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