Core Labs Insider Mark Tattoli Nets Additional Shares in Routine Vesting
Rhea-AI Filing Summary
Form 4 filed on 08/05/2025 discloses two insider transactions by Mark D. Tattoli, Senior VP, General Counsel & Secretary of Core Laboratories Inc. (CLB).
- Exercise of Restricted Shares (Code M): 250 common shares were acquired at $0 on 08/01/2025 as previously granted restricted stock vested. Beneficial ownership rose to 16,393.621 direct shares after the exercise.
- Tax Withholding (Code F): 99 shares were withheld at $10.53 per share to satisfy tax obligations related to the vesting event.
Net result is an increase of 151 direct shares. The filer also reports 20 shares held in a custodial account and 1,694.842 shares in the company 401(k) plan. Following the transactions, Tattoli continues to hold 2,150 unvested restricted shares with multi-year vesting schedules.
No open-market sales or purchases occurred; activity reflects routine vesting and associated tax withholding. Given the small size relative to CLB’s float and market capitalization, the filing is immaterial to the company’s valuation but provides insight into ongoing equity compensation for senior management.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine vesting; minor net share increase, negligible market impact.
The Form 4 details standard equity-compensation mechanics: 250 restricted shares vested, 99 withheld for taxes. Net addition of 151 shares shows no bearish intent—there were no discretionary sales. Remaining 2,150 unvested shares continue to align the SVP’s incentives with shareholders. Transaction size (< 0.001% of CLB’s float) and $1.1k gross value are far below materiality thresholds. Consequently, the disclosure is governance-related rather than valuation-relevant. I classify the impact as neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Shares | 250 | $0.00 | -- |
| Tax Withholding | Common Stock | 99 | $10.53 | $1K |
| Exercise | Common Stock | 250 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Restricted Shares vest annually over six years on the anniversary of the grant date in the amount specified in the award agreement, provided the reporting person remains in continuous service on each such vesting date. Multiple restricted share grants are included in this total.