National Energy Services Reunited (NESR) grants CFO 30,000 new RSUs
Rhea-AI Filing Summary
National Energy Services Reunited Corp. reported equity compensation activity for its Chief Financial Officer, Stefan Angeli. On March 16, 2026, 33,334 RSUs granted on August 14, 2024 vested and were converted into 33,334 ordinary shares. On August 14, 2026, a further 33,333 RSUs from an August 14, 2025 grant vested into 33,333 ordinary shares, and a new grant of 30,000 RSUs was made, scheduled to vest on August 14, 2027, each RSU representing a contingent right to receive one ordinary share.
Positive
- None.
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- None.
Insider Trade Summary
Net Buyer: 96,667 shares
Net Buy
5 txns
Insider
Angeli Stefan
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2 | 33,333 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F2 | 33,333 | -- | -- |
| Grant/Award | Ordinary Shares F3 | 30,000 | -- | -- |
| Exercise | Restricted Stock Units F1 | 33,334 | $0.00 | $0.00 |
| Grant/Award | Ordinary Shares F1 | 33,334 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 66,667 shares (Direct);
Ordinary Shares — 563,333 shares (Direct)
Footnotes (3)
- F1. Represents restricted stock units ("RSUs") granted on August 14, 2024, which vested on March 16, 2026. Upon vesting, the Reporting Person became entitled to receive one ordinary share of National Energy Services Reunited Corp. (the "Issuer") for each RSU.
- F2. Represents RSUs granted on August 14, 2025, which vest in equal annual installments over a three year period on each of the succeeding three anniversaries of the grant date, subject to the Reporting Person's continued service through each vesting date. Each RSU represents a contingent right to receive one ordinary share of the Issuer.
- F3. Represents RSUs granted on August 14, 2026, which will vest on August 14, 2027, subject to the Reporting Person's continued service through the vesting date. Each RSU represents a contingent right to receive one ordinary share of the Issuer.
Key Figures
RSUs exercised into shares (2024 grant): 33,334 RSUs / 33,334 ordinary shares
RSUs exercised into shares (2025 grant): 33,333 RSUs / 33,333 ordinary shares
New RSU grant to CFO: 30,000 RSUs
+2 more
5 metrics
RSUs exercised into shares (2024 grant)
33,334 RSUs / 33,334 ordinary shares
RSUs granted August 14, 2024 vested and converted on March 16, 2026
RSUs exercised into shares (2025 grant)
33,333 RSUs / 33,333 ordinary shares
Portion of RSUs granted August 14, 2025 vested and converted on August 14, 2026
New RSU grant to CFO
30,000 RSUs
RSUs granted August 14, 2026, scheduled to vest August 14, 2027
Total RSU shares vesting into stock in 2026
66,667 ordinary shares
Combined conversions on March 16, 2026 and August 14, 2026
RSU exercise price per share
$0.00 per share
Price reported for RSU conversions on March 16, 2026 and August 14, 2026
Key Terms
Restricted Stock Units, vested, contingent right, Power of Attorney
4 terms
Restricted Stock Units financial
"Represents restricted stock units ("RSUs") granted on August 14, 2024"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vested financial
"RSUs granted on August 14, 2024, which vested on March 16, 2026"
contingent right financial
"Each RSU represents a contingent right to receive one ordinary share"
Power of Attorney regulatory
"Exhibit 24.1 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What equity transactions did NESR CFO Stefan Angeli report on this Form 4?
Stefan Angeli reported two RSU vestings and one new RSU grant. RSUs vested into 33,334 shares on March 16, 2026 and 33,333 shares on August 14, 2026, plus a 30,000 RSU grant vesting in 2027.
How many National Energy Services Reunited Corp. (NESR) RSUs vested for the CFO in 2026?
In 2026, RSU vesting for the CFO converted into 66,667 ordinary shares. This includes 33,334 RSUs from an August 14, 2024 grant vesting on March 16, 2026 and 33,333 RSUs from an August 14, 2025 grant vesting on August 14, 2026.
What new RSU award did NESR grant to its CFO on August 14, 2026?
On August 14, 2026, NESR granted the CFO 30,000 RSUs. According to the disclosure, these RSUs will vest on August 14, 2027, subject to continued service, and each RSU represents a contingent right to receive one ordinary share.
What were the terms of the NESR RSUs granted to the CFO on August 14, 2025?
RSUs granted on August 14, 2025 vest in three equal annual installments. The filing shows 33,333 RSUs vesting on August 14, 2026, with each RSU representing a contingent right to receive one ordinary share, conditioned on continued service through each vesting date.
Were the NESR CFO’s RSU conversions reported with any exercise price?
The RSU exercises into ordinary shares were reported at an exercise price of $0.00 per share. These entries reflect RSUs vesting into ordinary shares as part of equity compensation, rather than open-market purchases or sales at a market price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
