Daniel S. Shugar - May 9, 2023 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
Chief Executive Officer, Director
Signature
/s/ Leah Schlesinger, as attorney-in-fact for Daniel Shugar
Stock symbol
NXT
Transactions as of
May 9, 2023
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 07:21 PM
Previous filing
Apr 12, 2023
Next filing
Jun 23, 2023

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 NXT Performance Stock Units Award +63.8K 63.8K May 9, 2023 Common Stock 63.8K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on April 6, 2022, which were earned upon the certification by the Board of Directors of the Issuer on May 9, 2023 of the level of achievement of the performance metrics applicable to the PSUs for the performance period from April 1, 2022 to March 31, 2023. The earned PSUs will service-vest on March 31, 2025, subject generally to the Reporting Person's continued employment with the Issuer through such date.
F2 Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions.