4//SEC Filing
NIXON D. GAIL 4
Accession 0000950170-25-042875
CIK 0000918541other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:34 PM ET
Size
25.5 KB
Accession
0000950170-25-042875
Insider Transaction Report
Form 4
NN INCNNBR
NIXON D. GAIL
Senior VP, Human Resources
Transactions
- Award
Common Stock
2025-03-18$2.55/sh+25,915$66,083→ 153,899 total - Exercise/Conversion
Common Stock
2025-03-18+1,844→ 155,743 total - Exercise/Conversion
Performance Rights
2025-03-18−1,844→ 199,833 total→ Common Stock (1,844 underlying) - Tax Payment
Common Stock
2025-03-18$2.55/sh−628$1,601→ 155,115 total - Tax Payment
Common Stock
2025-03-19$2.63/sh−1,492$3,924→ 153,623 total - Award
Performance Rights
2025-03-18+51,830→ 201,677 total→ Common Stock (51,830 underlying)
Footnotes (7)
- [F1]Shares are restricted stock and vest in three equal annual installments beginning on March 18, 2026.
- [F2]For the performance rights granted in March 2022: Represents shares earned from a Performance Share Unit ("PSU") award based on NN, Inc.'s (the "Issuer") achievement of total shareholder return ("TSR") as compared to the TSR of a custom S&P "MicroCap" Capital Goods Index measured over 2022-2024.
- [F3]Each PSU represents a contingent right to receive one share of Common Stock of the Issuer.
- [F4]The Reporting Person surrendered shares to the Issuer in order to fulfill tax withholding obligations in connection with the receipt of the PSUs.
- [F5]NN, Inc. (the "Issuer") withheld 1,313 shares from the Reporting Person to cover taxes relating to the vesting of 4,388 shares of restricted stock.
- [F6]Each performance right represents a contingent right to receive one share of common stock of the Issuer.
- [F7]The performance rights will vest pursuant to the terms and subject to the conditions set forth in the Issuer's 2022 Amended and Restated Omnibus Incentive Plan and the applicable Performance Share Unit Award Agreement based on the relative TSR of the Issuer over a one-, two-, and three-year period, as compared to the TSR of a custom subset of the S&P SmallCap 600 Capital Goods Index, plus the Issuer's compensation peers not included in the Index), over the period beginning on January 1, 2025 and ending December 31, 2027. 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.
Documents
Issuer
NN INC
CIK 0000918541
Entity typeother
Related Parties
1- filerCIK 0001713507
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:34 PM ET
- Size
- 25.5 KB