Form 4: NN Inc. CFO Michael Felcher Jr. Reports Stock Transaction
SEC Form 4 Filing
Michael Felcher Jr., CFO of NN Inc., reports the withholding of 659 common stock shares to cover taxes related to the vesting of restricted stock.
Summary
- On June 14, 2024, Michael C. Felcher Jr., the SVP and Chief Financial Officer of NN Inc. (NNBR), reported a transaction involving the company's common stock.
- The transaction involved the withholding of 659 shares to cover taxes related to the vesting of 2,276 shares of restricted stock.
- Following the transaction, Felcher directly owns 191,743 shares of NN Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive stock transactions, which is neither particularly positive nor negative. The sentiment is neutral.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of the stock transaction (tax withholding). |
| 06/18/2024 | Date of signature on the Form 4 filing. |
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