INVX Form 4/A Corrects Insider Withholding From 3,033 to 4,900 Shares
Rhea-AI Filing Summary
Innovex International, Inc. (INVX) filed an amended Form 4 reporting an insider stock withholding transaction tied to the release of restricted stock units. Mark Reddout, President of North America and an officer/director, had 4,900 shares withheld to satisfy tax withholding obligations related to RSU vesting. The transaction date was 09/08/2025 and the shares were disposed at $16.82 per share. Following the correction, Reddout beneficially owns 149,412 shares directly. The amendment states the original filing incorrectly reported 3,033 shares withheld and was corrected to 4,900 shares.
The Form 4 is signed by an attorney-in-fact and notes the filing is by one reporting person; no options or derivative transactions are reported.
Positive
- Amendment filed correcting previous error from 3,033 to 4,900 shares withheld, improving disclosure accuracy
- Clear disclosure of tax-withholding treatment tied to restricted stock unit releases
- Reporting person retains direct beneficial ownership of 149,412 shares after the withholding
Negative
- Initial Form 4 misreported the number of shares withheld (3,033 instead of 4,900), indicating an earlier reporting inaccuracy
Insights
TL;DR: Corrected insider filing improves accuracy but highlights an earlier reporting error in withheld RSU shares.
The amendment clarifies the number of shares withheld for tax purposes from restricted stock unit releases, moving from 3,033 to 4,900 shares. Accurate Section 16 reporting is a basic governance requirement; timely correction reduces regulatory and disclosure risk. This filing contains routine insider activity rather than any strategic corporate action and shows direct ownership of 149,412 shares by the reporting officer.
TL;DR: This is a routine tax-withholding RSU share disposition, corrected for accuracy, with limited market impact.
The transaction—sale/withholding at $16.82 for 4,900 shares—is reported as a disposal to satisfy tax obligations, not as a discretionary open-market sale. The amendment fixes an earlier numeric error, improving the record of insider holdings. No derivative instruments or additional disposals are disclosed. From an investor data perspective, the change is immaterial to company fundamentals but relevant for precise insider-holding records.