Form 4: NN Inc. CFO Michael C. Felcher, Jr. Reports Tax-Related Stock Disposal

Michael C. Felcher, Jr., CFO of NN Inc., disposed of 4,131 shares of common stock on March 28, 2024, to cover tax obligations related to vesting restricted stock.

Summary

• On March 28, 2024, Michael C. Felcher, Jr., the SVP and Chief Financial Officer of NN Inc. (NNBR), disposed of 4,131 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock.
• The price per share was $4.74.
• Following the transaction, Felcher directly owns 204,578 shares of NN Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. This filing indicates a routine transaction related to tax obligations.

Stakeholder Impact

• The disposal of shares by an insider could be perceived negatively by some shareholders, but the explanation provided mitigates this concern.

Key Dates