Form 4: Nextracker Inc. Chief Accounting Officer David P. Bennett Reports Sale of Common Stock
SEC Form 4 Filing
David P. Bennett, Chief Accounting Officer of Nextracker Inc., sold 9,801 shares of common stock at $55 per share on May 13, 2025, according to a Form 4 filing.
Summary
- On May 13, 2025, David P. Bennett, the Chief Accounting Officer of Nextracker Inc., sold 9,801 shares of common stock.
- The sale was executed at a price of $55 per share.
- Following the transaction, Bennett directly owns 124,615 shares of Nextracker Inc.
- The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on September 12, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the executive's outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see when company executives are buying or selling shares of their own company.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date the reporting person adopted the 10b5-1 trading plan |
| 05/13/2025 | Date of the transaction (stock sale) |
| 05/15/2025 | Date of the Form 4 filing |
Keywords
Form 4, Nextracker Inc., David P. Bennett, Chief Accounting Officer, Stock Sale, 10b5-1 Trading Plan, NXT
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