Nettie Norman V 4
Research Summary
AI-generated summary
Janus International (JBI) EVP Nettie Norman V Receives RSU Award
What Happened
Nettie Norman V, Executive Vice President of Janus International Group, received a grant of 31,474 restricted stock units (RSUs) on March 11, 2026 (reported as an acquisition). On March 10, 2026, 2,993 shares were withheld/ disposed to satisfy tax withholding obligations at $5.58 per share, generating $16,701. The RSUs were granted at $0 per share (typical for awards) and their value is determined by the closing share price on the grant date.
Key Details
- Transaction dates: Mar 10, 2026 (shares withheld for taxes); Mar 11, 2026 (RSU grant).
- Withholding sale: 2,993 shares disposed at $5.58 each = $16,701 (code F — tax withholding).
- Grant: 31,474 RSUs granted (code A — award/acquisition); reported acquisition price $0 (value based on Mar 11 close per footnote).
- Vesting: RSUs vest in three equal annual installments on Mar 11 of 2027, 2028 and 2029 and will be settled in shares at each vesting date (footnote).
- Ownership notes: Filing references a total that includes 56,681 RSUs and indicates shares of common stock are held directly by the Nettie Family Gift Trust.
- Timeliness: Filing was submitted on Mar 11, 2026 covering transactions on Mar 10–11; no late filing is indicated in the report.
Context
RSU grants are compensation awards that dilute over time as they vest; the withholding of shares to cover taxes is a routine administrative step and not an open‑market sale signal. The grant increases the insider’s potential future stake as the RSUs vest and are settled in shares.