Form 4: NN Inc. Executive Gail Nixon Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Senior VP of Human Resources at NN Inc., Gail Nixon, disposed of 2,543 shares of common stock on March 28, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On March 28, 2024, Gail Nixon, Senior VP of Human Resources at NN Inc., disposed of 2,543 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 $4.74 per share.
- Following the transaction, Nixon directly owns 133,944 shares of NN Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track potential shifts in sentiment or alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of stock disposal transaction |
| 04/01/2024 | Date of signature on the report |
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