Stephen H. Lockhart - May 11, 2023 Form 4 Insider Report for NATIONAL RESEARCH CORP (NRC)

Role: Director
Signature: /s/ Stephen H. Lockhart, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: NRC
Transactions as of: May 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/15/2023, 05:52 PM
Previous filing: Apr 27, 2023
Next filing: Jul 3, 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	NRC	Director Stock Option (Right to Buy)	Award	$0	+7.39K		$0.00	7.39K	May 11, 2023	Common Stock	7.39K	$43.15	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This award is an annual grant to the reporting person made under the Issuer's 2004 Non-Employee Director Stock Plan (the "Plan") on the date of the Issuer's 2023 annual shareholder meeting. In accordance with the terms of the Plan, the award will vest and become exercisable on the date immediately preceding the date of the Issuer's next annual shareholder meeting, subject to certain exceptions provided in the Plan.

Content

This award is an annual grant to the reporting person made under the Issuer's 2004 Non-Employee Director Stock Plan (the "Plan") on the date of the Issuer's 2023 annual shareholder meeting. In accordance with the terms of the Plan, the award will vest and become exercisable on the date immediately preceding the date of the Issuer's next annual shareholder meeting, subject to certain exceptions provided in the Plan.