Form 4: Nextracker COO Nicholas Marco Miller Reports Stock Transactions
SEC Form 4 Filing
Nicholas Marco Miller, Chief Operating Officer of Nextracker Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 1, 2025, Nextracker's COO, Nicholas Marco Miller, vested 17,620 restricted stock units (RSUs) which converted into common stock.
- Following the vesting, Miller directly held 132,088 shares of Nextracker common stock.
- On April 2, 2025, 6,479 shares were sold at $43.09 per share to cover tax withholding obligations related to the RSU vesting.
- After the sale, Miller directly held 125,609 shares of Nextracker common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock transactions, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Nextracker adopted a sell-to-cover policy under Rule 10b5-1. |
| 04/01/2025 | 17,620 Restricted Stock Units vested and converted to common stock. |
| 04/02/2025 | 6,479 shares sold at $43.09 to cover tax obligations. |
| 04/03/2025 | Form 4 filing date. |
Keywords
Nextracker, Nicholas Marco Miller, stock, RSU, Form 4, vesting, sell-to-cover, tax withholding
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