Legion Partners, L.P. II 4

What Happened
Raymond T. White, a director of NN Inc (NNBR) and managing director of Legion Partners Asset Management, was reported as the recipient of 49,079 restricted shares on March 18, 2026. The Form 4 records this as an award/acquisition (transaction code A) at $0.00 per share. The restricted shares fully vest on March 18, 2027 (see footnote).

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (timely filing).
• Transaction type/code: Grant / Award (A).
• Shares granted: 49,079 restricted shares; reported price: $0.00 (award).
• Vesting: Fully vests on March 18, 2027 (footnote F2).
• Shares owned after transaction: not specified in the provided filing.
• Beneficial ownership notes: filing is made jointly by multiple Legion Partners entities; Legion Partners Asset Management holds the direct economic interest in these securities and Mr. White disclaims direct beneficial ownership except for any indirect interest through Legion Partners (see footnotes F1–F8).
• Timeliness: Filing appears timely (reported within two business days).

Context
This was a grant of restricted stock tied to Mr. White’s board role and managed through Legion Partners’ affiliated entities, not an open-market purchase. The economic interest in these shares is held by Legion Partners Asset Management and related entities per the filing, so interpretation as a personal buy/sell by Mr. White should account for those institutional ownership arrangements.