Form 4: NN Inc. SVP & General Counsel Reports Routine Stock Vesting and Tax Withholding

NN Inc.'s Senior Vice President and General Counsel, Jami Statham, reported the withholding of 1,515 common shares to cover tax obligations related to the vesting of restricted stock.

Summary

• Jami Statham, SVP and General Counsel of NN Inc. (NNBR), reported a transaction on July 8, 2025.
• The transaction involved the disposition of 1,515 shares of common stock at a price of $2.21 per share.
• These shares were withheld by NN, Inc. to cover taxes associated with the vesting of 5,294 shares of restricted stock previously granted to Ms. Statham.
• Following this transaction, Ms. Statham beneficially owns 53,253 shares of NN Inc. common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive because the transaction indicates the vesting of restricted stock for a key executive, implying continued retention and potential achievement of performance milestones. The share withholding for taxes is a standard, neutral administrative process.

Positives

• The transaction indicates the vesting of 5,294 shares of restricted stock for a key executive, which typically signifies continued employment and achievement of performance milestones.
• The executive retains a significant beneficial ownership of 53,253 shares, aligning their interests with shareholders.

Negatives

• A reduction of 1,515 shares from the executive's direct beneficial ownership due to tax withholding.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it primarily reports a past transaction.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations. Such transactions are common across all industries for publicly traded companies that grant restricted stock or other equity awards to their executives. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The withholding of shares to cover tax obligations upon the vesting of restricted stock is a standard practice for equity compensation plans across publicly traded companies.
• This specific transaction for Jami Statham at NN Inc. is consistent with typical industry mechanisms for managing executive stock awards and associated tax liabilities. No specific comparable companies, projects, or results are detailed as this is a standard administrative transaction.

Related Party Transactions

• The transaction involves an executive (Jami Statham) and the company (NN Inc.) related to equity compensation. While technically a transaction between related parties, it is a standard, non-discretionary event (tax withholding on vested stock) rather than a special related-party dealing that would typically raise governance concerns.

Stakeholder Impact

• Shareholders: The transaction has a minimal direct impact on shareholders. It reflects a routine aspect of executive compensation and tax compliance. The executive's continued beneficial ownership aligns interests.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Key Dates

Keywords

NN Inc., NNBR, Form 4, Insider Transaction, Stock Vesting, Restricted Stock, Tax Withholding, Jami Statham, Corporate Officer, Equity Compensation