Form 4 for NNI NELNET INC
Accepted 2022-03-14 00:00:00 ET · period of report 2022-03-10 · accession 0001437749-22-006121 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-03-14 | 2022-03-10 | NNI | NOORDHOEK JEFFREY R | CEO | A - Grant | $0.00 | +16.9K | 87.5K | +24% | $0 |
| M | 2022-03-14 | 2022-03-10 | NNI | NOORDHOEK JEFFREY R | CEO | F - Tax | $82.82 | -3,983 | 95.2K | -4% | -$329.9K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-10 | A | A | 10,892 | $0.00 | 98,356 | D | — | — | (F5) These shares were issued to the reporting person pursuant to the issuer's Restricted Stock Plan, as the annual personal performance-based incentive bonus compensation for 2021 paid in stock, which the reporting person became entitled to receive on March 10, 2022. |
| 2 | Common | Class A Common Stock | 2022-03-10 | A | A | 6,052 | $0.00 | 87,464 | D | — | — | (F4) These restricted shares were awarded to the reporting person pursuant to the issuer's Restricted Stock Plan. The shares vest equally over a five-year period, with one-fifth of the amount vesting annually on March 10 of each year. |
| 3 | Common | Class A Common Stock | 2022-03-10 | F | D | 786 | $83.64 | 81,412 | D | — | — | (F1) These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the vesting of a previously reported grant of shares pursuant to Rule 16b-3(d). (F2) Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the market closing price of the shares on March 10, 2022. (F3) Includes 5,092 shares issued pursuant to the issuer's Employee Share Purchase Plan, which number of shares reflects the acquisition of a total of 19 shares under the issuer's Employee Share Purchase Plan since March 12, 2021. Also includes 619 shares distributed to the reporting person by The Noordhoek Charitable Remainder Unitrust I on December 31, 2021 as discussed in footnote (10) below. |
| 4 | Common | Class A Common Stock | 2022-03-10 | F | D | 3,197 | $82.62 | 95,159 | D | — | — | (F6) These shares were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2022 award by the issuer of 10,892 shares of bonus compensation stock. (F7) Per share value assigned by the issuer to the tax withholding shares under the tax withholding arrangement, and based on the average market closing price of the shares for March 1, 2022 through March 7, 2022. |