CHARLES BOYNTON - 19 Sep 2023 Form 4 Insider Report for Nextracker Inc. (NXT)

Role
Director
Signature
/s/ Leah Schlesinger, Attorney-in-Fact for Charles D. Boynton
Issuer symbol
NXT
Transactions as of
19 Sep 2023
Transactions value $
$0
Form type
4
Filing time
25 Sep 2023, 17:12:53 UTC
Previous filing
17 Feb 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXT Common Stock Options Exercise +3.57K 3.57K 19 Sep 2023 Direct F1
transaction NXT Common Stock Award $0 +3.55K +99.44% $0.00 7.12K 21 Sep 2023 Direct F2

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 Options Exercise -3.57K -100% 0 19 Sep 2023 Common Stock 3.57K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the settlement and conversion of vested restricted stock units ("RSUs"), which were previously granted to the Reporting Person on January 24, 2023, into shares of the Issuer's common stock ("Common Stock"), on a one-for-one basis.
F2 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest 100% as of the last business day preceding the date of the Issuer's next scheduled annual meeting of stockholders, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.