INVX Form 4: CFO Kendal Reed Reports 3,033-Share Withholding on RSU Release
Rhea-AI Filing Summary
Innovex International insider sale from tax-withheld restricted stock units. Innovex CFO Kendal Reed reported a disposition of 3,033 shares of Innovex common stock on 09/08/2025 at a price of $16.82 per share. The filing states the shares were withheld to satisfy tax withholding obligations upon release of restricted stock units. After the withholding, the reporting person beneficially owns 208,726 shares directly. The Form 4 was signed by an attorney-in-fact on 09/10/2025. The filing identifies the reporting person as Chief Financial Officer and provides a Houston, TX mailing address.
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Insights
TL;DR: Routine tax-withholding share disposition by CFO; non-cash event that modestly reduces outstanding personal holdings.
This Form 4 documents a common practice where restricted stock units vest and the company withholds shares to cover taxes rather than the insider selling shares on the open market. The disposition of 3,033 shares at $16.82 each reduces Kendal Reed's direct holdings to 208,726 shares. There is no indication of additional open-market selling or acquisition, and the transaction is described solely as tax withholding related to RSU release, which is typically non-material to the issuer.
TL;DR: Proper disclosure of RSU withholding; filing appears compliant and routine.
The Form 4 identifies the reporting persons role as Chief Financial Officer and discloses the withholding action transparently. The signature by an attorney-in-fact is provided and the transaction date and post-transaction beneficial ownership are reported. This matches standard Section 16 reporting for equity compensation settlements and does not, by itself, raise governance concerns.