4//SEC Filing
BOYNTON CHARLES D 4
Accession 0000950103-25-006532
CIK 0001852131other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 8:32 PM ET
Size
8.2 KB
Accession
0000950103-25-006532
Insider Transaction Report
Form 4
BOYNTON CHARLES D
Chief Financial Officer
Transactions
- Award
Common Stock
2025-05-23+64,102→ 237,582 total - Award
Common Stock
2025-05-23+61,977→ 299,559 total
Footnotes (4)
- [F1]Reflects an award of restricted stock units ("RSUs") granted to the Reporting Person on May 23, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest 30% on May 23, 2026, 30% on May 23, 2027, and 40% on May 23, 2028, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances.
- [F2]Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions.
- [F3]Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on May 21, 2024, which were initially earned upon certification by the Board of Directors of the Issuer on May 23, 2025 of the level of achievement of the financial performance metrics applicable to the PSUs for the performance period from April 1, 2024 to March 31, 2025. The PSUs remain subject to an rTSR modifier performance metric for the performance period from April 1, 2024 to March 31, 2027, pursuant to which the number of shares earned based on achievement of the financial performance metrics can be adjusted between 75% - 150%.
- [F4]The amount reported herein reflects 75% of the number of PSUs earned based on achievement of the financial performance metrics, which is the minimum amount of PSUs that will be earned and eligible to vest at the end of the three-year performance period, subject generally to the Reporting Person's continued employment with the Issuer through such date.
Documents
Issuer
Nextracker Inc.
CIK 0001852131
Entity typeother
Related Parties
1- filerCIK 0001181212
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 8:32 PM ET
- Size
- 8.2 KB