Bennett David P 4
4 · Nextracker Inc. · Filed Jun 25, 2024
Insider Transaction Report
Form 4
Bennett David P
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2024-06-21+19,054→ 144,738 total - Other
Common Stock
2024-06-21$51.07/sh−10,360$529,085→ 134,378 total - Exercise/Conversion
Restricted Stock Units
2024-06-21−19,054→ 44,462 total→ Common Stock (19,054 underlying)
Footnotes (2)
- [F1]Reflects the vesting and conversion of restricted stock units ("RSUs"), which were previously granted to the Reporting Person on June 21, 2023, into shares of the Issuer's common stock, on a one-for-one basis.
- [F2]Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of RSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person.