Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NNBR | Common Stock | Award | $0 | +1.5M | $0.00 | 1.5M | May 22, 2023 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NNBR | Performance Rights | Award | $0 | +2.5M | $0.00 | 2.5M | May 22, 2023 | Common Stock | 2.5M | Direct | F2, F3 |
Id | Content |
---|---|
F1 | Shares are restricted stock and vest in five equal annual installments beginning on May 22, 2024. |
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 Performance Share Unit Grant Notice and the Performance Share Unit Award Agreement based on NN's stock price meeting or exceeding specified average stock prices during 20 consecutive trading days between May 22, 2023 and May 21, 2028. |