BUCHAN JOHN 4
4 · NN INC · Filed Feb 20, 2020
Insider Transaction Report
Form 4
NN INCNNBR
BUCHAN JOHN
Executive VP, Mobile Solutions
Transactions
- Award
Performance Rights
2020-02-18+13,233→ 13,233 total→ Common Stock (13,233 underlying) - Award
Common Stock
2020-02-18+60,028→ 86,460 total
Footnotes (3)
- [F1]Shares are restricted stock with 15,007 shares vesting in three equal annual installments beginning on February 18, 2021 with the remaining 45,021 shares vesting in full on February 18, 2021.
- [F2]Each performance right represents a contingent right to receive one share of common stock of NN, Inc. (the "Issuer").
- [F3]The performance rights will vest pursuant to the terms and subject to the conditions set forth in the Issuer's 2019 Omnibus Incentive Plan and the applicable Performance Share Unit Award Agreement based on the relative total shareholder return ("TSR") of the Issuer, as compared to the TSR of the S&P SmallCap 600 Index over the period beginning on January 1, 2020 and ending December 31, 2022. The performance rights granted represent the right to receive the target shares, and actual performance rights earned may be between 50% and 150% of the target shares.