BOYNTON CHARLES D 4
4 · Nextpower Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
NextPower (NXT) CFO Charles Boynton Sells 34,193 Shares ($4.3M)
What Happened
Charles D. Boynton, Chief Financial Officer of NextPower Inc. (NXT), disposed of 34,193 shares on May 22, 2026 at $125.81 per share for a total of approximately $4,301,821. The transaction is reported as an “other acquisition or disposition” (Code J) and reflects a sell-to-cover transaction to satisfy tax withholding tied to the vesting and conversion of RSUs — not a discretionary sale.
Key Details
- Transaction date: 2026-05-22; Price: $125.81; Shares disposed: 34,193; Gross value: ~$4,301,821.
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Footnote: Sales were mandated by the issuer’s sell-to-cover policy (adopted March 2, 2023) to satisfy tax withholding on vested RSUs; executed pursuant to Rule 10b5-1 authority and the company’s equity incentive plan. These are routine tax-withholding sales and are not discretionary trades by the reporting person.
- Filing: Form 4 was filed on 2026-05-26 (covering the 2026-05-22 transaction), which is within the standard two-business-day reporting window.
Context
Sell-to-cover transactions occur when vested equity (here, RSUs converted to stock) triggers tax withholding obligations; the company or insider sells a portion of resulting shares to cover taxes. Such transactions are common after vesting and do not necessarily indicate the insider’s view on the company’s prospects. For full ownership details and the complete Form 4, see the SEC filing accession 0000950103-26-007726.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-22$125.81/sh−34,193$4,301,821→ 372,870 total
Footnotes (1)
- [F1]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.