Farrell Kathleen Anne 4
4 · NELNET INC · Filed Jun 23, 2020
Insider Transaction Report
Form 4
NELNET INCNNI
Farrell Kathleen Anne
Director
Transactions
- Award
Phantom Stock
2020-06-19$40.30/sh+868$34,980→ 30,422 total→ Class A Common Stock (868 underlying) - Award
Class A Common Stock
2020-06-19$40.30/sh+2,606$105,022→ 11,102 total
Footnotes (4)
- [F1]These shares were granted pursuant to the issuer's Directors Stock Compensation Plan.
- [F2]1-for-1.
- [F3]The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock at the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum at the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing at the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
- [F4]Includes a total of 416 shares acquired since June 25, 2019 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.