KLX Energy (NASDAQ: KLXE) officer reports tax-withholding share disposition
Rhea-AI Filing Summary
KLX Energy Services Holdings insider activity: Officer Geoffrey C. Stanford reported a tax-related share disposition. On March 1, 2026, 2,422 shares of common stock were withheld by the company at $2.54 per share to cover tax liabilities from vesting awards, leaving him with 74,840 directly held shares. The shares were retained in the company’s treasury and did not involve any open-market trade.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 2,422 shares
Net Sell
1 txn
Insider
Stanford Geoffrey C
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common stock | 2,422 | $2.54 | $6K |
Holdings After Transaction:
Common stock — 74,840 shares (Direct)
Footnotes (1)
- F1. Represents securities withheld by the Company as payment of tax liability incident to the vesting of awards previously issued in accordance with Rule 16b-3. The shares withheld by the Company are kept in the Company's treasury account and there is no third-party trade associated with the withholding.
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FAQ
What insider transaction did KLXE officer Geoffrey C. Stanford report?
Geoffrey C. Stanford reported a tax-withholding disposition of shares. On March 1, 2026, 2,422 KLX Energy Services common shares were withheld by the company to satisfy tax liabilities from previously granted awards that vested, rather than sold on the open market.
What does transaction code F mean in the KLXE Form 4 filing?
Transaction code F indicates payment of tax liability or exercise price by delivering securities. In this KLX Energy Services filing, 2,422 shares were withheld by the company to cover taxes arising from the vesting of previously issued awards under Rule 16b-3.
Does the KLXE Form 4 indicate any buying or selling by Geoffrey C. Stanford?
The KLXE Form 4 indicates a tax-withholding disposition, not a buy or market sale. Shares were withheld by the company and moved to its treasury to satisfy tax liabilities on vested awards, so there was no direct third-party purchase or sale transaction.