Form 4: NN Inc. SVP Statham Receives Restricted Stock Grant

NN Inc.'s SVP and General Counsel, Jami Statham, was granted 80,623 shares of restricted stock and had 4,395 shares withheld for tax obligations.

Summary

• Jami Statham, SVP and General Counsel of NN Inc. (NNBR), acquired 80,623 shares of common stock as a restricted stock grant on March 18, 2026.
• These restricted shares will vest in three equal annual installments, commencing on March 18, 2027.
• Concurrently, 4,395 shares of common stock were disposed of at a price of $1.23 per share on March 18, 2026, to satisfy tax withholding obligations related to the vesting of previously granted restricted stock.
• Following these transactions, Jami Statham beneficially owns 129,481 shares of NN Inc. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive incentive alignment through equity compensation, which is generally favorable for long-term shareholder interests. The tax-related sale is a standard, neutral event.

Positives

• The grant of 80,623 restricted shares at a $0 price indicates a significant equity incentive for a key executive, aligning management's interests with long-term shareholder value.
• The vesting schedule over three years encourages executive retention and sustained performance.

Negatives

• The disposition of 4,395 shares to cover tax obligations reduces the executive's direct beneficial ownership, albeit for a standard tax-related purpose.

Risks

• The filing itself does not detail specific business risks for NN Inc. It is a disclosure of an insider transaction.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, beyond the vesting schedule for the granted restricted stock.

Industry Context

StockSavvy.ai notes that executive equity grants, such as restricted stock, are a common practice across industries to incentivize leadership and align their financial interests with long-term company performance. The specific details of the grant reflect NN Inc.'s compensation strategy for its senior executives.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock grants, vary significantly by industry, company size, and executive role. Without specific details on NN Inc.'s peer group compensation benchmarks, a direct comparison is not feasible from this filing alone.
• However, the structure of a multi-year vesting schedule is a standard practice observed in many public companies to promote executive retention and long-term focus.

Corporate Governance

Related Party Transactions

• The restricted stock grant is a transaction between the company and a senior executive, which is a common form of related party transaction for executive compensation purposes.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns the executive's interests with shareholders by tying compensation to future stock performance.
• Employees: May signal stability in executive leadership and a commitment to long-term incentives.

Next Steps

• The granted restricted stock will begin vesting in three equal annual installments starting March 18, 2027.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (restricted stock grant) and a standard tax-related share disposition. It does not provide new fundamental information about NN Inc.'s operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The grant aligns executive incentives, which is a positive, but it's not a catalyst for a 'buy' or 'sell' decision on its own.

Keywords

NN Inc., NNBR, Form 4, Insider Transaction, Restricted Stock, Equity Grant, Executive Compensation, Jami Statham, SVP General Counsel, SEC Filing