David Bennett - Jun 21, 2023 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
Chief Financial Officer
Signature
/s/ Leah Schlesinger, as attorney-in-fact for David Bennett
Stock symbol
NXT
Transactions as of
Jun 21, 2023
Transactions value $
$0
Form type
4
Date filed
6/23/2023, 07:09 PM
Previous filing
May 11, 2023
Next filing
Jan 18, 2024

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 Restricted Stock Units Award $0 +63.5K $0.00 63.5K Jun 21, 2023 Common Stock 63.5K Direct F1
transaction NXT Stock Option (Right to Buy) Award $0 +68.2K $0.00 68.2K Jun 21, 2023 Common Stock 68.2K $40.47 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock ("Common Stock"). The RSUs vest 30% on June 21, 2024, 30% on June 21, 2025, and 40% on June 21, 2026, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date.
F2 This option vests and becomes exercisable on June 21, 2026, subject to the Reporting Person's continued service to the Issuer through the vesting date.