NCS Multistage COO gets equity awards, surrenders shares
NCS Multistage Holdings Chief Operations Officer Tim Willems reported a mix of equity grants, conversions and share surrenders.
Rhea-AI Filing Summary
NCS Multistage Holdings Chief Operations Officer Tim Willems reported a mix of equity grants, conversions and share surrenders. On March 3, he received 2,498 equivalent stock units that settle in cash, 5,047 performance stock units tied to relative total shareholder return, and 2,498 shares of common stock as awards.
On March 2, he was granted 9,173 additional common shares and disposed of 2,316 shares back to the issuer. On February 28, 6,880 equivalent stock units vested and converted into 6,880 common shares, with 6,880 shares and another 489 shares surrendered at prices of $39.84 and $40.93 to satisfy tax and issuer-related obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,880 shares exercised/converted
Exercise
9 txns
Insider
Willems Tim
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Equivalent Stock Units | 2,498 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 5,047 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,498 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9,173 | $0.00 | $0.00 |
| Disposition | Common Stock | 2,316 | $40.93 | $95K |
| Exercise | Equivalent Stock Units | 6,880 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,880 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,880 | $39.84 | $274K |
| Disposition | Common Stock | 489 | $39.84 | $19K |
Holdings After Transaction:
Equivalent Stock Units — 8,624 contracts (Direct);
Performance Stock Units — 5,047 contracts (Direct);
Common Stock — 31,913 shares (Direct)
Footnotes (8)
- F1. Equivalent stock units vested on February 28, 2026 and settled for cash.
- F2. These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units.
- F3. These shares were surrendered to satisfy the tax obligations related to the vesting of performance stock units.
- F4. Includes 2,174 restricted stock units which vest in two equal annual installments beginning on February 28, 2027 and 2,498 restricted stock units which vest in three equal annual installments beginning on February 28, 2027.
- F5. These equivalent stock units settle in cash and represent the economic equivalent of one share of common stock, provided that the amount of cash settled for any equivalent stock unit will not exceed the maximum payout established by the Compensation, Nominating and Governance Committee.
- F6. The number of derivative securities reported in column 9 represents 3,952 equivalent stock units which vest on February 28, 2027 and 2,174 equivalent stock units which vest in two equal annual installments beginning on February 28, 2027.
- F7. The number of derivative securities reported in column 9 represents 3,952 equivalent stock units which vest on February 28, 2027, 2,174 equivalent stock units which vest in two equal annual installments beginning on February 28, 2027 and 2,498 equivalent stock units which in three equal annual installments beginning on February 28, 2027.
- F8. These performance stock units represent a contingent right to receive common stock, based on the Issuer's relative total shareholder return versus that of its peer group, subject to an absolute total shareholder return modifier. Each performance stock unit will settle for between zero and 1.25 shares of common stock in the first quarter of 2029, based on achievement of the performance measures over a three-year period, following certification by the Compensation, Nominating and Governance Committee of the performance results.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NCSM COO Tim Willems report?
Tim Willems reported equity grants, derivative conversions and share surrenders. He received common stock, equivalent stock units that settle in cash, and performance stock units, and disposed of shares back to the issuer and for taxes in connection with vesting events.
How many equity awards did the NCSM COO receive in this Form 4?
Willems received 2,498 equivalent stock units, 5,047 performance stock units and 2,498 common shares on March 3, plus 9,173 common shares on March 2. These awards expand his mix of cash-settled units, performance-based units and time-based restricted stock.
How do the NCSM equivalent stock units held by the COO work?
The equivalent stock units are cash-settled instruments economically equivalent to one common share, subject to a maximum cash payout set by the Compensation, Nominating and Governance Committee. Some of these units vest in scheduled installments beginning February 28, 2027, according to the disclosure.
What are the terms of the NCSM performance stock units granted to the COO?
The performance stock units give a contingent right to common shares based on relative total shareholder return versus a peer group, with an absolute return modifier. Each unit can settle for between zero and 1.25 shares in the first quarter of 2029, following committee certification.
Did this NCSM Form 4 change Tim Willems’ direct common stock holdings?
Yes, the combination of grants, conversions and surrenders altered his direct common stock position. Awards increased his holdings, while shares disposed to the issuer and for tax withholding reduced them, resulting in updated post-transaction share balances disclosed for each transaction date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
