Kimberly Kay Rath - 20 Jun 2023 Form 4 Insider Report for NELNET INC (NNI)

Role
Director
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Kimberly Kay Rath
Issuer symbol
NNI
Transactions as of
20 Jun 2023
Net transactions value
+$170,004
Form type
4
Filing time
21 Jun 2023, 16:26:25 UTC
Previous filing
21 Jun 2022
Next filing
18 Jun 2024
SEC
View on sec.gov

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 NNI Phantom Stock Award $170,004 +2,005 +3.6% $84.79 57,920 20 Jun 2023 Class A Common Stock 2,005 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1-for-1.
F2 The shares of phantom stock were granted pursuant to the issuer's Directors Stock Compensation Plan. They will become payable in shares of Class A Common Stock promptly after the time of termination of the reporting person's service as a member of the issuer's Board of Directors. The shares will be payable in a lump sum promptly after the time of termination of the reporting person's service as a member of the issuer's Board, or in up to five annual installments, commencing promptly after the time of termination of the reporting person's service on the issuer's Board, as elected by the reporting person.
F3 Includes a total of 625 shares acquired since June 21, 2022 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.