BOYNTON CHARLES D 4
4 · Nextpower Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
NextPower (NXT) CFO Charles D. Boynton Sells 9,870 Shares
What Happened Charles D. Boynton, Chief Financial Officer of NextPower, disposed of 9,870 shares on 2026-05-26 at $129.38 per share, generating proceeds of approximately $1,276,981. The Form 4 lists the action as an "other acquisition or disposition (J)" but the filing clarifies this was a sell-to-cover share sale tied to RSU vesting and conversion.
Key Details
- Transaction date and price: 2026-05-26 — 9,870 shares at $129.38 each.
- Total proceeds: ~$1,276,981.
- Filing date: 2026-05-27 (reporting the 2026-05-26 transaction) — appears timely.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The sale reflects shares sold to satisfy tax-withholding obligations on RSU vesting per NextPower’s sell-to-cover policy (adopted Mar 2, 2023) under a Rule 10b5-1 arrangement; these are mandated sales, not discretionary trades by the reporting person.
Context This was a tax-withholding (sell-to-cover) sale tied to the vesting/conversion of RSUs, which companies commonly execute to satisfy payroll/tax obligations. Such mandated sales do not necessarily indicate the insider’s view of the company’s prospects and are generally viewed as routine rather than a signal of confidence or concern.
Insider Transaction Report
- Other
Common Stock
[F1]2026-05-26$129.38/sh−9,870$1,276,981→ 363,000 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