Form 4: NN Inc. Executive Gail Nixon Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior VP of Human Resources at NN Inc., Gail Nixon, disposed of 5,960 shares of common stock on April 1, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- Gail Nixon, Senior VP of Human Resources at NN Inc., reported a transaction on April 1, 2024.
- Nixon disposed of 5,960 shares of NN Inc. common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $4.75 per share.
- Following the transaction, Nixon beneficially owns 127,984 shares of NN Inc. common stock directly.
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 routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a common practice of executives selling shares to cover tax obligations upon vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction |
| 04/03/2024 | Date of signature on the Form 4 filing |
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