JOHN BUCHAN - 28 Mar 2022 Form 4 Insider Report for NN INC (NNBR)

Role
Executive Vice President, Mobile Solutions and Power Solutions
Signature
/s/ Matthew S. Heiter by Power of Attorney
Issuer symbol
NNBR
Transactions as of
28 Mar 2022
Net transactions value
$0
Form type
4
Filing time
30 Mar 2022, 16:45:46 UTC
Previous filing
23 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNBR Common Stock Award $0 +51,684 +123% $0.000000 93,680 28 Mar 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 +48,484 $0.000000 48,484 28 Mar 2022 Common Stock 48,484 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.

Remarks:

Executive Vice President, Mobile Solutions and Power Solutions