Kodiak Gas (KGS) CIO gains stock awards, 11,266 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. Chief Information Officer Pedro R. Buhigas reported equity compensation awards and related tax withholding. He received 7,157 restricted stock units that vest in three equal installments beginning March 8, 2027. He was also credited with 21,000 performance-based restricted stock units earned on metrics such as discretionary cash flow, leverage, absolute total shareholder return and an ESG scorecard for the period from June 28, 2023 to December 31, 2025, which vested on March 8, 2026 and converted into common shares on a one-for-one basis. The issuer withheld 11,266 shares to cover tax obligations tied to the vesting, and Buhigas directly held 56,665 shares of common stock as of the transaction date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Buhigas Pedro R.
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,157 | $55.89 | $400K |
| Grant/Award | Common Stock | 21,000 | $55.89 | $1.17M |
| Tax Withholding | Common Stock | 11,266 | $55.89 | $630K |
Holdings After Transaction:
Common Stock — 46,931 shares (Direct)
Footnotes (1)
- The reported securities are restricted stock units that vest and settle in shares of common stock in three equal installments beginning March 8, 2027. Represents an award of performance based restricted stock units the payout of which was subject to the achievement of performance metrics related to discretionary cash flow, consolidated net leverage ratio, absolute total shareholder return and an ESG scorecard over the period of June 28, 2023 to December 31, 2025. The Personnel and Compensation Committee certified the shares with a vest date of March 8, 2026. The restricted stock units converted into shares of common stock on a one-for-one basis. Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares. Excludes 47,455 shares of performance based restricted stock units that were initially voluntarily reported, but unvested as of the Form 3A filed 1/5/2026; the amount of shares beneficially owned (56,665) as of this transaction date reflects the performance based restricted stock units actually earned and vested.
FAQ
What stock awards did Kodiak Gas (KGS) CIO Pedro Buhigas receive?
Pedro Buhigas received 7,157 restricted stock units and 21,000 performance-based restricted stock units. The time-based units vest in three equal installments starting March 8, 2027, while the performance-based units vested March 8, 2026 and converted into common shares one-for-one.
How were the performance-based restricted stock units for KGS CIO earned?
The 21,000 performance-based restricted stock units were tied to metrics including discretionary cash flow, consolidated net leverage ratio, absolute total shareholder return and an ESG scorecard. These metrics were measured from June 28, 2023 through December 31, 2025, then certified with a vest date of March 8, 2026.
Were these Kodiak Gas CIO transactions open-market buys or sales?
The transactions for Pedro Buhigas were equity compensation events, not open-market trades. He acquired shares through grants and vesting of restricted stock units, while 11,266 shares were disposed of solely to cover tax obligations associated with vesting, rather than being sold in the market.