Form 4: Nelnet Inc. Executive William J. Munn Reports Stock Award and Tax Withholding
SEC Form 4 Filing
William J. Munn, Secy/Chief Legal Off/Gen Coun at Nelnet Inc., reports acquisition of shares through a restricted stock plan and subsequent tax withholding.
Summary
- On September 13, 2024, William J. Munn, Secy/Chief Legal Off/Gen Coun at Nelnet Inc. acquired 674 shares of Class A Common Stock through the issuer's Restricted Stock Plan at $0.
- On the same day, 198 shares were tax-withheld by Nelnet Inc. to satisfy Munn's tax obligations resulting from the stock award at $108.09.
- Following these transactions, Munn directly owns 4,967 shares of Class A Common Stock.
- Munn also indirectly owns 11,954 shares through a living trust.
Sentiment
Score: 6
Explanation: The document reflects standard executive compensation practices. It's neutral in sentiment as it simply reports transactions.
Positives
- The acquisition of shares through the restricted stock plan suggests confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The stock award could have a slightly dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Start date for calculating average market closing price for tax withholding. |
| 08/15/2024 | End date for calculating average market closing price for tax withholding. |
| 09/13/2024 | Date of stock award and tax withholding. |
| 09/17/2024 | Date of Form 4 filing. |
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