Olinger Emily 4
4 · NELNET INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Nelnet (NNI) CPO Emily Olinger Receives Stock Awards; Shares Withheld
What Happened
Emily Olinger, Chief People Services Officer of Nelnet, was granted a total of 3,990 shares on March 10, 2026 (2,258 restricted shares and 1,732 shares as her 2025 performance-based bonus). To satisfy tax obligations tied to these issuances/vestings, 670 shares were withheld/disposed: 111 shares and 50 shares at $131.23 each (values reported $14,567 and $6,561) and 509 shares at $132.87 each (value reported $67,631). The reported gross value of the withheld/disposed shares is about $88,759. The awards themselves were reported with $0 purchase price (awarded stock).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the usual two-business-day window).
- Withheld/disposed shares: 111 @ $131.23 ($14,567), 50 @ $131.23 ($6,561), 509 @ $132.87 ($67,631); total ~670 shares, ~$88,759.
- Awards/acquisitions: 2,258 restricted shares and 1,732 bonus shares (total 3,990 shares) reported as grants/awards.
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes: tax withholding by issuer to satisfy tax obligations (F1, F6); per-share values used for withholding based on closing price or an average of recent closes (F2, F7); restricted shares vest one-fifth annually over five years (F4); bonus shares awarded as 2025 performance compensation (F5); additional notes on ESPP/dividend reinvestment activity since Mar 12, 2025 (F3).
- Exhibit: Power of Attorney included (Exhibit 24).
Context
These transactions are primarily award grants and routine tax-withholding actions — the issuer withheld shares to cover the employee's tax liabilities rather than the insider selling shares on the open market. Awarded restricted stock vests over time (one-fifth each year), and the 1,732-share item was an annual performance-based bonus paid in stock. Such withholding transactions are common and do not necessarily signal the insider's view of the company's stock.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-10$131.23/sh−111$14,567→ 4,428 total - Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-10$131.23/sh−50$6,561→ 4,378 total - Award
Class A Common Stock
[F4][F3]2026-03-10+2,258→ 6,636 total - Award
Class A Common Stock
[F5][F3]2026-03-10+1,732→ 8,368 total - Tax Payment
Class A Common Stock
[F6][F7]2026-03-10$132.87/sh−509$67,631→ 7,859 total
Footnotes (7)
- [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, 2026.
- [F3]Includes (i) 64 shares issued pursuant to the issuer's Employee Share Purchase Plan and (ii) 2 shares acquired by the reporting person pursuant to the issuer's dividend reinvestment plan since March 12, 2025.
- [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.
- [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 2025 paid in stock, which the reporting person became entitled to receive on March 10, 2026.
- [F6]Shares that were tax-withheld by the issuer to satisfy the reporting person's tax obligation resulting from the March 10, 2026 award by the issuer of 1,732 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 February 27, 2026 through March 5, 2026.