Form 4: Nextracker CEO Daniel Shugar Reports Stock Transactions
SEC Form 4 Filing
Daniel Shugar, CEO of Nextracker Inc., reports the vesting and conversion of restricted stock units, along with a gift of shares to a family trust.
Summary
- On April 1, 2024, Daniel Shugar, the CEO of Nextracker Inc., reported transactions involving the company's common stock.
- These transactions included the vesting and conversion of 39,893 restricted stock units (RSUs) into common stock.
- Shugar also made an exempt gift of 39,893 shares to the Kathleen and Daniel Shugar Family Trust.
- Following these transactions, Shugar directly owns 7,314 shares and indirectly owns 123,940 shares through the family trust.
- An administrative error previously incorrectly reflected all shareholdings as directly owned by Shugar.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Related Party Transactions
- The gift of shares to the Kathleen and Daniel Shugar Family Trust is a related party transaction.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, primarily affecting the CEO's personal holdings.
Key Dates
| Date | Description |
|---|---|
| 2007-05-10 | Date of the Kathleen and Daniel Shugar Family Trust |
| 2022-04-06 | Date the Restricted Stock Units were granted |
| 2024-01-25 | Date of Power of Attorney execution |
| 2024-04-01 | Date of stock transactions (vesting of RSUs and gift of shares) |
| 2024-04-03 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.