Key facts
- This page summarizes David P. Bennett's Form 4 filing for Nextracker Inc. (NXT).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Apr 2024, 20:14.
David P. Bennett - 01 Apr 2024 Form 4 Insider Report for Nextracker Inc. (NXT)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- NXT
- Reported as of
- 01 Apr 2024
- Net transaction value
- -$332,647
- SEC form
- 4
- Accepted by SEC
- 03 Apr 2024, 20:14:37 UTC
- Prior SEC filing
- 18 Jan 2024
- Next SEC filing
- 22 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Philip Reuther, as attorney-in-fact for David Bennett
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David P. Bennett filed Form 4 for Nextracker Inc. (NXT) on 03 Apr 2024.
Change
- Previous filing in this sequence was filed on 18 Jan 2024.
- Current net transaction value: -$332,647.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NXT
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +11,607
- Change %
- +105%
- Price
- Shares after
- 22,713
- Date
- 01 Apr 2024
- Ownership
- Direct
- Footnotes
- F1
NXT
transaction
Common Stock
Other
- Transaction value
- $332,647
- Shares
- -6,261
- Change %
- -28%
- Price
- $53.13
- Shares after
- 16,452
- Date
- 01 Apr 2024
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NXT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -11,607
- Change %
- -43%
- Price
- Shares after
- 15,476
- Date
- 01 Apr 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 11,607
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 2 footnotes
Footnote F1
Reflects the vesting and conversion of restricted stock units ("RSUs"), which were previously granted to the Reporting Person on April 6, 2022, into shares of the Issuer's common stock, on a one-for-one basis.
Footnote F2
Reflects the number of shares required to be sold pursuant to a "sell-to-cover" transaction in order to satisfy the tax withholding obligations in connection with the vesting and conversion of RSUs. These sales are mandated by the Issuer's "sell-to-cover" policy adopted by the Issuer on March 2, 2023 pursuant to the requirements of Rule 10b5-1 and its authority under its equity incentive plan, and do not represent discretionary trades by the Reporting Person.
SEC remarks
Exhibit 24-Power of Attorney