Form 4: N-able Inc. Executive O'Brien Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
EVP and CFO of N-able, Inc., Tim James O'Brien, disposed of 10,810 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Tim James O'Brien, the EVP and Chief Financial Officer of N-able, Inc., disposed of 10,810 shares of common stock.
- The shares were sold at a price of $12.8 per share.
- This transaction was to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, O'Brien directly owns 576,560 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Form 4 filings are required by the SEC to ensure transparency in insider trading activities. This transaction appears to be a routine sale to cover tax obligations, which is a typical practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the transaction where 10,810 shares were disposed of. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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