70,008-share performance award for Core Laboratories (NYSE: CLB) CFO
Rhea-AI Filing Summary
Core Laboratories Inc. reported an insider equity award to its SVP & CFO, Christopher Scott Hill. On February 12, 2026, he received a grant of 70,008 performance share units at an exercise price of $0, held as a direct derivative position.
The award is tied to a three-year performance period from January 1, 2026 through December 31, 2028. Vesting on December 31, 2028 depends on the company’s Return on Invested Capital versus a Bloomberg Peer Group, with payout ranging from 50% to 175% of the target shares and straight-line interpolation between thresholds. Any portion above 100% is cut in half if total shareholder return over the period is negative.
The filing also clarifies that Hill has indirect beneficial ownership of 59 common shares held in the company’s 401(k) plan, correcting an omission from a prior Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Shares | 70,008 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Reporting Person's indirect beneficial ownership includes 59 shares of the Issuer's common stock held in the Issuer's 401(k) plan, which were previously reported but were inadvertently omitted from a prior Form 4 filing. 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.