Form 4: NN Inc. Director Jeri J. Harman Acquires Restricted Stock
SEC Form 4 Filing
Director Jeri J. Harman acquired 29,880 shares of NN Inc. restricted stock on March 19, 2024, vesting on March 19, 2025.
Summary
- On March 19, 2024, Jeri J. Harman, a director of NN Inc., acquired 29,880 shares of common stock.
- The shares were acquired as restricted stock at a price of $5.02 per share.
- These shares vest on March 19, 2025.
- Following the transaction, Harman directly owns 301,416 shares of NN Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a routine disclosure of restricted stock.
Positives
- The director's acquisition of shares could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company insiders, such as directors, and their confidence in the company's stock.
Stakeholder Impact
- The acquisition of shares by a director could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Jeri J. Harman acquired 29,880 shares of restricted stock. |
| 03/19/2025 | Vesting date for the acquired restricted stock. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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