BUCHAN JOHN 4
4 · NN INC · Filed Mar 30, 2022
Insider Transaction Report
Form 4
NN INCNNBR
BUCHAN JOHN
Executive VP, Mobile Solutions
Transactions
- Award
Common Stock
2022-03-28+51,684→ 93,680 total - Award
Performance Rights
2022-03-28+48,484→ 48,484 total→ Common Stock (48,484 underlying)
Footnotes (3)
- [F1]Shares are restricted stock and vest in three equal annual installments beginning on March 28, 2023.
- [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 a custom S&P "MicroCap" Capital Goods Index over the period beginning on January 1, 2022 and ending December 31, 2024. The performance rights granted represent the right to receive the target shares, and actual performance rights earned may be between 25% and 150% of the target shares.