Innospec (IOSP) CEO Patrick Williams receives 18,966-share performance award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innospec Inc. President and CEO Patrick Williams reported an acquisition of company shares through an equity award. On February 16, he received 18,966 shares of common stock at no cash price upon settlement of a performance-based restricted stock unit grant originally awarded on February 27, 2023. Following this grant, his direct holdings increased to 218,655 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Patrick
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,966 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 218,655 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Innospec (IOSP) report for Patrick Williams?
Innospec reported that President and CEO Patrick Williams acquired 18,966 shares of common stock. The shares were issued at no cash cost upon settlement of a performance-based restricted stock unit award originally granted to him on February 27, 2023.
What is the significance of the performance-based RSU award in the Innospec (IOSP) filing?
The filing explains that the 18,966 shares were acquired upon settlement of a performance-based restricted stock unit award. That award was originally granted to Patrick Williams on February 27, 2023, and converted into common shares when its performance conditions were satisfied.