DNOW Form 3: VP/CAO reports 32,981 shares, 11,820 RSUs
DNOW Inc. filed an initial statement of beneficial ownership for its VP and CAO.
Rhea-AI Filing Summary
DNOW Inc. filed an initial statement of beneficial ownership for its VP and CAO. The officer directly holds 32,981 shares of common stock.
The holdings reflect securities received at the closing of transactions under the June 26, 2025 Merger Agreement among DNOW, MRC Global Inc., and other parties. The reported amount includes 21,161 shares of common stock and 11,820 restricted stock units (RSUs). The RSUs vest as follows: 2,793 on February 7, 2026; 2,120 on March 12, 2026; 2,793 on February 7, 2027; 2,057 on March 12, 2027; and 2,057 on March 12, 2028, each conditioned on continued service and subject to accelerated vesting under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The reported securities, which were received in connection with the closing of the transactions contemplated by the agreement and plan of merger, dated June 26, 2025 (the "Merger Agreement"), by and between the Issuer, MRC Global Inc. and the other parties thereto, represent (i) 21,161 shares of common stock and (ii) 11,820 restricted stock units ("RSUs"), each of which entitle the reporting person to receive one share of common stock upon vesting on the following schedule: 2,793 RSUs vest on February 7, 2026, 2,120 RSUs vest on March 12, 2026, 2,793 RSUs vest on February 7, 2027, 2,057 RSUs vest on March 12, 2027 and 2,057 RSUs vest on March 12, 2028, with each vesting conditioned on the reporting person's continued service with the issuer and subject to accelerated vesting under certain circumstances.
FAQ
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What did DNOW (DNOW) disclose in this Form 3?
What are the RSU vesting dates for DNOW (DNOW)?
What conditions apply to the DNOW (DNOW) RSUs?
What transaction led to these DNOW (DNOW) securities being reported?
Is the DNOW (DNOW) reporting person a director or 10% owner?
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