4//SEC Filing
HEIMES TERRY J 4
Accession 0001567619-23-005050
CIK 0001258602other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:47 PM ET
Size
21.9 KB
Accession
0001567619-23-005050
Insider Transaction Report
Form 4
NELNET INCNNI
HEIMES TERRY J
Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock
2023-03-10$90.43/sh−791$71,530→ 26,570 total - Award
Class A Common Stock
2023-03-10+5,122→ 36,809 total - Award
Class A Common Stock
2023-03-10+5,473→ 31,687 total - Tax Payment
Class A Common Stock
2023-03-10$91.36/sh−2,817$257,361→ 33,992 total - Tax Payment
Class A Common Stock
2023-03-10$90.43/sh−356$32,193→ 26,214 total
Holdings
- 5,000(indirect: By Trust)
Class A Common Stock
- 122,550(indirect: By Trust)
Class A Common Stock
- 50,000(indirect: By Trust)
Class A Common Stock
- 7,790(indirect: By GRAT)
Class A Common Stock
- 5,000(indirect: By Trust)
Class A Common Stock
- 5,000(indirect: By Trust)
Class A Common Stock
- 2,297(indirect: By Spouse)
Class A Common Stock
- 7,790(indirect: By GRAT)
Class A Common Stock
- 5,000(indirect: By Trust)
Class A Common Stock
Footnotes (16)
- [F1]These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d).
- [F10]Shares held by a revocable trust established by the reporting person's spouse, of which trust the reporting person's spouse is the sole trustee and sole lifetime beneficiary.
- [F11]Shares held by a GRAT established by the reporting person on March 11, 2020, which reflect an annuity distribution from the trust to the reporting person of 1,130 shares on March 16, 2022. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F12]Shares held by a GRAT established by the reporting person's spouse on March 11, 2020, which reflect an annuity distribution from the trust to the reporting person's spouse of 1,130 shares on March 16, 2022. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F13]Shares held by a trust for the benefit of a son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F14]Shares held by a trust for the benefit of another son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F15]Shares held by a trust for the benefit of another son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F16]Shares held by a trust for the benefit of the daughter of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F2]Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2023.
- [F3]The number of shares reflects (i) shares contributed to a revocable trust as discussed in footnote (8) below and (ii) shares distributed to the reporting person by a grantor retained annuity trust ("GRAT") as discussed in footnote (11) below.
- [F4]These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year.
- [F5]These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2022 paid in stock, which the reporting person became entitled to receive on March 10, 2023.
- [F6]Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2023 award by the issuer of 5,122 shares of bonus compensation stock.
- [F7]Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for March 1, 2023 through March 7, 2023.
- [F8]Shares held by a revocable trust established by the reporting person, of which trust the reporting person is the sole trustee and sole lifetime beneficiary. On June 8, 2022, the reporting person contributed a total of 27,629 shares to the revocable trust.
- [F9]Includes shares distributed to the reporting person's spouse by a GRAT as discussed in footnote (12) below.
Documents
Issuer
NELNET INC
CIK 0001258602
Entity typeother
Related Parties
1- filerCIK 0001269804
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:47 PM ET
- Size
- 21.9 KB