Form 4: NN Inc. Executive Gail Nixon Reports Stock Disposal for Tax Obligations

Senior VP of Human Resources at NN Inc., Gail Nixon, disposed of 7,000 shares of common stock to cover taxes related to vesting of restricted stock on April 1, 2025.

Summary

• On April 1, 2025, Gail Nixon, Senior VP of Human Resources at NN Inc., disposed of 7,000 shares of common stock.
• The disposal was to cover taxes related to the vesting of 20,587 shares of restricted stock.
• The price per share for the transaction was $2.29.
• Following the transaction, Nixon beneficially owns 144,099 shares of NN Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations from vested stock, not indicative of a significant positive or negative outlook for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects. This specific filing relates to covering tax obligations, a common occurrence when restricted stock vests.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

NN Inc, NNBR, Gail Nixon, Form 4, Stock Disposal, Tax Obligations, Restricted Stock, Beneficial Ownership, Securities Exchange Act