Form 4: NNBR Director Jeri Harman Receives Restricted Stock Grant
Insider Transaction Report
NN Inc. Director Jeri J. Harman was granted 51,774 shares of restricted common stock, vesting on March 18, 2027.
Summary
- Jeri J. Harman, a Director of NN Inc. (NNBR), acquired 51,774 shares of common stock.
- The transaction occurred on March 18, 2026, with the shares acquired at a price of $0.
- These shares represent restricted stock that will fully vest on March 18, 2027.
- Following this transaction, Jeri J. Harman beneficially owns 429,150 shares of NN Inc. common stock.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting ongoing director engagement and alignment with shareholder interests through equity compensation.
Positives
- A director receiving a significant stock grant aligns their interests with shareholders.
- The grant of restricted stock indicates continued commitment and incentivization for the director.
Future Outlook
The restricted stock grant vests on March 18, 2027, indicating a future incentive for the director.
Industry Context
StockSavvy.ai notes that equity grants to directors are a common practice in publicly traded companies, serving to align director interests with long-term shareholder value and as a form of non-cash compensation.
Comparison to Industry Standards
- Equity compensation for directors is a standard practice across industries, including manufacturing and industrial companies like NN Inc.
- The size of the grant (51,774 shares) would typically be evaluated against the director's overall compensation package and the company's market capitalization, similar to grants observed at comparable industrial firms such as Timken Company or RBC Bearings.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Jeri J. Harman granted power of attorney to D. Gail Nixon, Christopher Bohnert, Jami Statham, and Stacy Naessens to handle SEC filings (Forms 3, 4, 5) on her behalf. | 02/19/2026 | Streamlines compliance with Section 16(a) of the Securities Exchange Act for the director. |
Stakeholder Impact
- Shareholders: The grant aligns the director's financial interests with long-term shareholder value.
Next Steps
- The restricted stock will fully vest on March 18, 2027.
Key Dates
| Date | Description |
|---|---|
| 02/19/2026 | Power of Attorney executed by Jeri J. Harman. |
| 03/18/2026 | Date of restricted stock acquisition by Jeri J. Harman. |
| 03/20/2026 | Date Form 4 was signed by attorney-in-fact. |
| 03/18/2027 | Full vesting date for the restricted stock. |
Recommendation
holdThis Form 4 filing reports a routine restricted stock grant to a director, which is a standard compensation practice. It does not provide new information that would fundamentally alter the investment thesis for NNBR, thus a 'hold' recommendation is appropriate as it maintains the status quo without indicating significant positive or negative shifts.
Keywords
NN Inc., NNBR, Jeri J. Harman, Restricted Stock, Insider Transaction, Form 4, Director Compensation, Equity Grant
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