Form 4: Nelnet CEO Jeffrey Noordhoek Reports Changes in Beneficial Ownership

Nelnet's CEO, Jeffrey Noordhoek, reports transactions involving Class A Common Stock, including tax withholdings, restricted share awards, and holdings in various trusts.

Summary

• Jeffrey R. Noordhoek, CEO of Nelnet Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
• On March 10, 2025, shares were tax-withheld to cover tax obligations from vesting shares at a price of $115.86 per share.
• Specifically, 791, 488 and 486 shares were withheld for tax obligations.
• Noordhoek also acquired 2,293 restricted shares under Nelnet's Restricted Stock Plan, which vest annually over five years.
• Following these transactions, Noordhoek directly owns 104,467 shares.
• He also indirectly owns 311,008 shares through The Jeffrey R. Noordhoek Amended and Restated Revocable Trust and 126,462 shares through the Jeffrey Noordhoek Post Annuity Irrevocable Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The vesting of restricted shares suggests a long-term commitment from the CEO.

Positives

• The acquisition of 2,293 restricted shares indicates continued investment and alignment with the company's long-term performance.

Future Outlook

The restricted shares vest annually over a five-year period, indicating a long-term incentive structure for the CEO.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the CEO's holdings and alignment with company performance.

Key Dates