Michael Felcher Jr. - Mar 28, 2022 Form 4 Insider Report for NN INC (NNBR)

Role: SVP, Chief Financial Officer
Signature: /s/ Matthew S. Heiter by Power of Attorney
Stock symbol: NNBR
Transactions as of: Mar 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/30/2022, 04:45 PM
Previous filing: Mar 25, 2022
Next filing: May 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NNBR	Common Stock	Award	$0	+37.5K	+175.78%	$0.00	58.9K	Mar 28, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NNBR	Performance Rights	Award	$0	+35.2K		$0.00	35.2K	Mar 28, 2022	Common Stock	35.2K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares are restricted stock and vest in three equal annual installments beginning on March 28, 2023.
F2	Each performance right represents a contingent right to receive one share of common stock of NN, Inc. (the "Issuer").
F3	The performance rights will vest pursuant to the terms and subject to the conditions set forth in the Issuer's 2019 Omnibus Incentive Plan and the applicable Performance Share Unit Award Agreement based on the relative total shareholder return ("TSR") of the Issuer, as compared to the TSR of a custom S&P "MicroCap" Capital Goods Index over the period beginning on January 1, 2022 and ending December 31, 2024. 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.