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, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 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 transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a price of $12.82 per share.
- Following the transaction, O'Brien directly owns 665,427 shares of N-able, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal part of equity compensation.
Industry Context
Executive share sales for tax purposes are a common occurrence, particularly around vesting events for equity compensation. This is a routine transaction and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 05/17/2024 | Date of signature on the Form 4 filing. |
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