Form 4: Nelnet Inc. Executive Munn Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
William J. Munn, a Nelnet Inc. executive, reported disposing of Class A Common Stock to cover tax obligations from vesting shares.
Summary
- On March 10, 2024, William J. Munn, Secy/Chief Legal Off/Gen Coun of Nelnet Inc., reported disposing of several blocks of Class A Common Stock.
- The disposals were executed to cover tax obligations resulting from the vesting of previously reported share grants.
- The price per share for the tax withholding was $88.63, based on the market closing price on March 8, 2024.
- The transactions resulted in a decrease in Mr. Munn's directly held shares, with the remaining balance totaling 6,152 shares.
- Mr. Munn also indirectly owns 10,422 shares through a living trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Market closing price used to determine per share value for tax withholding. |
| 03/10/2024 | Date of stock disposal transactions. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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