Form 4: NN Inc. CEO Harold Bevis Reports Tax-Related Stock Disposition Following Restricted Stock Vesting

NN Inc.'s President and CEO, Harold C. Bevis, reported a disposition of 131,100 shares of common stock at $1.9 per share to cover tax obligations related to the vesting of 300,000 restricted stock units.

Summary

• Harold C. Bevis, President and CEO, and a Director of NN Inc. (NNBR), reported a transaction on May 22, 2025.
• The transaction involved the disposition of 131,100 shares of NN Inc. common stock.
• The shares were disposed of at a price of $1.9 per share.
• This disposition was a tax withholding ('F' transaction code) by NN Inc. to cover taxes associated with the vesting of 300,000 shares of restricted stock previously awarded to Mr. Bevis.
• Following this transaction, Mr. Bevis directly beneficially owns 1,332,050 shares of NN Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction related to tax obligations upon the vesting of restricted stock, which is a common practice in executive compensation.

Positives

• The transaction indicates the vesting of a significant block of 300,000 restricted stock units, suggesting that performance or time-based conditions for these awards have been met.
• The disposition was a non-discretionary tax withholding, not a sale initiated by the insider for personal liquidity, which is generally viewed neutrally or positively as it's a routine event for equity compensation.

Negatives

• The disposition of 131,100 shares, even for tax purposes, reduces the direct beneficial ownership of the CEO, though this is a standard practice for equity compensation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide information that allows for an analysis of broader industry trends or competitive positioning. It solely details a specific equity compensation event for a key executive.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and does not indicate a change in management's confidence or a discretionary sale. It slightly reduces the CEO's direct ownership but is offset by the underlying vesting of a larger block of shares.
• Employees: No direct impact mentioned.

Key Dates

Keywords

NN Inc., NNBR, Harold C. Bevis, SEC Form 4, Insider Transaction, Restricted Stock, Stock Vesting, Tax Withholding, Common Stock, Beneficial Ownership