KLX Energy (NASDAQ: KLXE) officer reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stanford Geoffrey C
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 2,422 | $2.54 | $6K |
Holdings After Transaction:
Common stock — 74,840 shares (Direct)
Footnotes (1)
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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.