Innovex CFO withholds 5,049 shares for taxes
Innovex International’s CFO had shares withheld to cover taxes on RSU vesting and now directly holds over two hundred thousand INVX shares.
Rhea-AI Filing Summary
Innovex International, Inc. (INVX) reported that its Chief Financial Officer, Reed Kendal, had 5,049 shares of common stock withheld on September 6, 2026 to satisfy tax withholding obligations upon the release of restricted stock units. The withholding was priced at $30.07 per share, and Kendal now directly holds 209,434 shares of Innovex common stock. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Tax Withholding: 5,049 shares
Tax Withholding
1 txn
Insider
Reed Kendal
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 5,049 | $30.07 | $152K |
Holdings After Transaction:
Common Stock — 209,434 shares (Direct)
Footnotes (1)
- F1. The Shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations with the release of restricted stock units.
Key Figures
Shares withheld for tax liability: 5,049 shares
Tax-withholding price per share: $30.07 per share
Shares held after transaction: 209,434 shares
3 metrics
Shares withheld for tax liability
5,049 shares
Common stock withheld on September 6, 2026 to satisfy tax withholding obligations
Tax-withholding price per share
$30.07 per share
Price reported for the 5,049 withheld common shares
Shares held after transaction
209,434 shares
Direct Innovex common stock ownership by Reed Kendal after the disposition
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"with the release of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations with the release"
Form 4 regulatory
"reported on this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did INVX’s CFO report on this Form 4?
Reed Kendal, Chief Financial Officer of Innovex International, Inc. (INVX), reported a withholding of 5,049 common shares on September 6, 2026 to satisfy tax withholding obligations related to the release of restricted stock units.
Was the INVX Form 4 transaction an open-market sale or a tax withholding?
The Form 4 states the transaction was a payment of tax liability by delivering or withholding securities, not an open-market sale. Shares were withheld at Reed Kendal’s election to cover tax withholding obligations upon RSU release.
Was the INVX CFO’s transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and no footnote indicates a trading plan, so the reported tax-withholding disposition was not affirmed as being made under a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.