Core Laboratories (CLB) CEO equity award vests at 116.5% of target
Rhea-AI Filing Summary
Core Laboratories Inc. (CLB) reported insider equity activity by its Chairman and CEO dated 12/31/2025. The filing shows the vesting and conversion of 180,722 performance shares into common stock at an exercise price of $0, reported under transaction code M, and the disposition of 112,681 common shares at a price of $16.03 per share, reported under code F. Following these transactions, the filing lists direct beneficial ownership amounts of 370,119 shares and 257,438 shares after the respective entries.
The performance shares were originally granted as restricted performance shares in February 2023. The company finished in the 68th percentile for return on invested capital versus a Bloomberg-defined peer group for the performance period ending December 31, 2025. As a result, the performance criteria were satisfied at 116.5% of the target award level, and that number of shares vested on December 31, 2025.
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FAQ
What insider transaction did Core Laboratories (CLB) report on 12/31/2025?
The Chairman and CEO reported the vesting and conversion of 180,722 performance shares into common stock at an exercise price of $0, and the disposition of 112,681 common shares at $16.03 per share, both dated 12/31/2025.
How many Core Laboratories (CLB) shares did the insider report owning after these transactions?
The filing reports direct beneficial ownership of 370,119 common shares after the performance-share conversion transaction, and 257,438 common shares after the share disposition transaction.
What were the terms of the Core Laboratories (CLB) performance share award?
The insider’s shares were granted as restricted performance shares in February 2023, with vesting tied to Core Laboratories’ return on invested capital relative to a Bloomberg Peer Group over a performance period ending December 31, 2025.
How did Core Laboratories (CLB) perform against its peer group for this award?
Core Laboratories finished in the 68th percentile of return on invested capital compared with the Bloomberg Peer Group at the end of the performance period on December 31, 2025.
At what level did Core Laboratories (CLB) performance shares vest for this award?
The performance criteria were met at 116.5% of the target award level, and that number of performance shares vested on December 31, 2025.
What happened to the derivative (performance share) position in this Core Laboratories (CLB) filing?
The filing shows a derivative position titled Performance Shares with an exercise price of $0, and reports 180,722 underlying common shares and 0 derivative securities beneficially owned following the reported transaction.