Form 4: NN Inc. CEO Harold Bevis Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
NN Inc. CEO Harold Bevis disposed of 86,850 shares of common stock on May 22, 2024, to satisfy tax withholding obligations related to the vesting of restricted stock.
Summary
- On May 22, 2024, Harold C Bevis, the President and CEO of NN Inc. (NNBR), disposed of 86,850 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock.
- The shares were disposed of at a price of $3.25 per share.
- Following the transaction, Mr. Bevis beneficially owns 1,413,150 shares of NN Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine disposal of shares to cover tax obligations, which is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Harold Bevis disposed of shares to cover tax obligations. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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