THOMAS E. HENNING - 21 Jun 2021 Form 4 Insider Report for NELNET INC (NNI)

Role
Director
Signature
/s/ Audra Hoffschneider, Attorney-in-Fact for Thomas E. Henning
Issuer symbol
NNI
Transactions as of
21 Jun 2021
Transactions value $
$167,502
Form type
4
Filing time
22 Jun 2021, 16:37:57 UTC
Next filing
29 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NNI Class A Common Stock 13,199 21 Jun 2021 Direct
holding NNI Class A Common Stock 3,102 21 Jun 2021 By Spouse

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 $167,502 +2,647 +5.8% $63.28 48,135 21 Jun 2021 Class A Common Stock 2,647 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 at 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 at 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 at 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 548 shares acquired since June 23, 2020 pursuant to the dividend reinvestment feature of the issuer's Directors Stock Compensation Plan.