Form 4: NN Inc. CFO Michael C. Felcher, Jr. Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael C. Felcher, Jr., CFO of NN Inc., disposed of 12,176 shares of common stock on April 1, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On April 1, 2024, Michael C. Felcher, Jr., the SVP and Chief Financial Officer of NN Inc. (NNBR), disposed of 12,176 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock.
- The shares were disposed of at a price of $4.75 per share.
- Following the transaction, Felcher directly owns 192,402 shares of NN Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's outlook or strategy.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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