NCS Multistage (NCSM) EVP reports equity grants, vesting and tax share disposals
Rhea-AI Filing Summary
NCS Multistage Holdings Executive VP, GC and Secretary Lev Ori reported a mix of equity awards, conversions, and related share dispositions. On February 28, 2026, 5,289 equivalent stock units vested and were exercised into the same number of common shares. A portion of these shares, including 5,289 shares at $39.84 per share and an additional 374 shares, was surrendered to the company to cover tax obligations and issuer-related dispositions tied to vesting.
On March 2, 2026, Ori received a grant of 6,853 common shares and disposed of 1,730 shares to the issuer at $40.93 per share. On March 3, 2026, he was granted 1,940 equivalent stock units settling in cash, 3,921 performance stock units linked to relative total shareholder return that may settle for between zero and 1.25 shares each in the first quarter of 2029, and 1,940 common shares. Following these transactions, Ori directly held 14,387 common shares and 3,921 performance stock units, alongside additional unvested equivalent and restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Equivalent Stock Units | 1,940 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 3,921 | $0.00 | -- |
| Grant/Award | Common Stock | 1,940 | $0.00 | -- |
| Grant/Award | Common Stock | 6,853 | $0.00 | -- |
| Disposition | Common Stock | 1,730 | $40.93 | $71K |
| Exercise | Equivalent Stock Units | 5,289 | $0.00 | -- |
| Exercise | Common Stock | 5,289 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,289 | $39.84 | $211K |
| Disposition | Common Stock | 374 | $39.84 | $15K |
Footnotes (1)
- Equivalent stock units vested on February 28, 2026 and settled for cash. These shares were surrendered to satisfy the tax obligations related to the vesting of restricted stock units. These shares were surrendered to satisfy the tax obligations related to the vesting of performance stock units. Includes 1,689 restricted stock units which vest in two equal annual installments beginning on February 28, 2027 and 1,940 restricted stock units which vest in three equal annual installments beginning on February 28, 2027. 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. The number of derivative securities reported in column 9 represents 3,070 equivalent stock units which vest on February 28, 2027 and 1,689 equivalent stock units which vest in two equal annual installments beginning on February 28, 2027. The number of derivative securities reported in column 9 represents 3,070 equivalent stock units which vest on February 28, 2027, 1,689 equivalent stock units which vest in two equal annual installments beginning on February 28, 2027 and 1,940 equivalent stock units which vest in three equal annual installments beginning on February 28, 2027. 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.
