Core Laboratories (NYSE: CLB) awards 33,490 performance shares to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Laboratories Inc. granted SVP Gwendolyn Gresham 33,490 performance shares on February 12, 2026 at an exercise price of $0. These shares relate to a three-year performance period from January 1, 2026 to December 31, 2028.
The award will vest, if at all, on December 31, 2028 based on the company’s Return on Invested Capital versus the Bloomberg Peer Group. Payout levels range from 50% to 175% of the target award, with straight-line interpolation and a reduction if total shareholder return is negative.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gresham Gwendolyn
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Shares | 33,490 | $0.00 | -- |
Holdings After Transaction:
Performance Shares — 33,490 shares (Direct)
Footnotes (1)
- This award vests following the conclusion of a three-year performance period that began on January 1, 2026 and ends on December 31, 2028 (the "Performance Period"). This award survives termination of employment due to death, disability, termination by the Company without cause or retirement by the employee upon having reached 62 years of age. In all cases, the shares will vest, if at all, on December 31, 2028, following the conclusion of the Performance Period as follows: 50% of the award will vest if the Company is in the top 35th percentile of Return on Invested Capital ("ROIC") among the Bloomberg Peer Group ("BPG"), 100% of the award will vest if the Company is in the top 55th percentile of ROIC among the BPG, and 175% of the award will vest if the Company is at or above the 85th percentile of ROIC among the BPG, as measured and determined by the Compensation Committee at the end of the Performance Period. The number of common shares vesting pursuant to the award will be interpolated on a straight-line basis between the 35th and 55th percentile of ROIC (equivalent to 50% up to 100% of the award) and again between the 55th and 85th percentile of ROIC (equivalent to 100% up to 175% of the award). The number of common shares that could vest over 100% of the award up to the maximum of 175% of the award, if any, will be reduced by one-half if absolute total shareholder return for the Performance Period is negative, as measured and determined by the Compensation Committee at the end of the Performance Period.
FAQ
What insider transaction did Core Laboratories (CLB) report for its SVP?
Core Laboratories granted SVP Gwendolyn Gresham 33,490 performance shares on February 12, 2026 at an exercise price of $0. This is an equity incentive award, not an open-market purchase or sale of existing Core Laboratories shares by the executive.