Form 4: NN Inc. CFO Michael Felcher Jr. Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Michael C. Felcher Jr., SVP and CFO of NN Inc., disposed of 1,021 shares of common stock on March 23, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 23, 2024, Michael C. Felcher Jr., the SVP and Chief Financial Officer of NN Inc. (NNBR), disposed of 1,021 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 $5.01 per share.
- Following the transaction, Felcher directly owns 208,709 shares of NN Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a common transaction (stock disposal for tax obligations). It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/23/2024 | Date of stock disposal transaction. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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