Leah Schlesinger - 30 Jun 2024 Form 4 Insider Report for Nextracker Inc. (NXT)

Reporting relationship: GC, Ch Eth & Compl Off'r & Sec
Issuer ticker: NXT
Reported as of: 30 Jun 2024
Net transaction value: -$28,646
SEC form: 4
Accepted by SEC: 01 Jul 2024, 19:56:29 UTC
Prior SEC filing: 25 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Philip Reuther, as attorney-in-fact for Leah Schlesinger

Key filing fact

Leah Schlesinger filed Form 4 for Nextracker Inc. (NXT) on 01 Jul 2024.

Key facts

This page summarizes Leah Schlesinger's Form 4 filing for Nextracker Inc. (NXT).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 01 Jul 2024, 19:56.

Change

Previous filing in this sequence was filed on 25 Jun 2024.
Current net transaction value: -$28,646.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NXT transaction

Common Stock

Other

Transaction value: $28,646
Shares: -610
Change %: -0.66%
Price: $46.96
Shares after: 91,254
Date: 30 Jun 2024
Ownership: Direct
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 1 footnote

Footnote F1

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 restricted stock units ("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.