Core Laboratories director awarded and vests shares
Core Laboratories Inc. director Robert F. Martinovich reported equity-based compensation activity.
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Rhea-AI Filing Summary
Core Laboratories Inc. director Robert F. Martinovich reported equity-based compensation activity. He received a grant of 7,895 Restricted Shares that will vest after a one-year vesting period ending on April 1, 2027, subject to the terms of issuance and any deferral election.
Separately, 8,069 Restricted Shares vested at the end of a prior one-year vesting period on April 1, 2026 and were exercised into 8,069 shares of Common Stock, which he now holds directly. The filing shows only awards and an option-style conversion of restricted equity into common stock, with no open-market purchases or sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Shares | 7,895 | $0.00 | $0.00 |
| Exercise | Restricted Shares | 8,069 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,069 | $0.00 | $0.00 |
Footnotes (2)
- F1. The Restricted Shares will vest, without performance criteria, at the end of a one-year vesting period on April 1, 2027, subject to the terms of issuance. Such shares remain subject to a deferral election by the Reporting Person in accordance with Treasury Regulation 1.409A-2, and the vested portion thereof will be distributed as shares of common stock following the Reporting Person's separation of service from the Board.
- F2. The Restricted Shares vested at the end of a one-year vesting period ending April 1, 2026.
Key Figures
Key Terms
derivative security financial
Treasury Regulation 1.409A-2 financial
deferral election financial
vesting period financial
FAQ
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What did Core Laboratories (CLB) director Robert F. Martinovich report in this Form 4?
Does this Core Laboratories (CLB) Form 4 show any open-market stock purchases or sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.