Form 4: NN Inc. CEO Harold Bevis Increases Stake in Company with Recent Stock Purchases
SEC Form 4 Filing
NN Inc. CEO Harold Bevis reports purchasing additional shares of the company's common stock between May 12 and May 14, 2025, increasing his direct holdings.
Summary
- Harold Bevis, the President and CEO of NN Inc., has acquired additional shares of the company's common stock.
- The transactions occurred between May 12 and May 14, 2025.
- On May 12, 2025, Mr. Bevis purchased 3,100 shares at $1.84 per share.
- On May 13, 2025, he made two purchases: 505 shares at $2.16 per share and 1,079 shares at $2.12 per share.
- On May 14, 2025, Mr. Bevis acquired 45,316 shares at a weighted average price of $2.198.
- Following these transactions, Mr. Bevis directly owns 1,463,150 shares of NN Inc. common stock.
- An updated power of attorney has been filed, authorizing several individuals to act on Mr. Bevis's behalf in matters related to SEC filings.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchases suggest confidence, but it's a single data point and requires further context.
Positives
- The CEO's purchase of additional shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often viewed as a positive sign, suggesting that a company's management believes the stock is undervalued. However, it's important to consider the overall context of the company's performance and industry trends.
Stakeholder Impact
- Shareholders may view the CEO's stock purchases as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 01/19/2025 | Date of Power of Attorney execution by Harold Bevis. |
| 05/12/2025 | Harold Bevis purchased 3,100 shares of NN Inc. common stock at $1.84 per share. |
| 05/13/2025 | Harold Bevis purchased 505 shares at $2.16 per share and 1,079 shares at $2.12 per share. |
| 05/14/2025 | Harold Bevis purchased 45,316 shares at a weighted average price of $2.198 per share; Form 4 filing date. |
Keywords
NN Inc, Harold Bevis, stock purchase, Form 4, beneficial ownership, CEO, insider trading, SEC, NNBR
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