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 996 shares of common stock on March 23, 2024, to cover tax withholding obligations related to vesting restricted stock.
Summary
- On March 23, 2024, Gail Nixon, Senior VP of Human Resources at NN Inc., disposed of 996 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, Nixon directly owns 136,487 shares of NN Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock vests.
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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