Michael Felcher Jr. - Mar 19, 2024 Form 4 Insider Report for NN INC (NNBR)

Role
SVP, Chief Financial Officer
Signature
/s/ Michael C. Felcher
Stock symbol
NNBR
Transactions as of
Mar 19, 2024
Transactions value $
$134,998
Form type
4
Date filed
3/21/2024, 04:45 PM
Previous filing
Jun 16, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NNBR Common Stock Award $135K +26.9K +14.71% $5.02 210K Mar 19, 2024 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 +53.8K $0.00 53.8K Mar 19, 2024 Common Stock 53.8K 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 19, 2025.
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 2022 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 subset of the S&P SmallCap 600 Index over the period beginning on January 1, 2024 and ending December 31, 2026. 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.