Director at NewMarket (NEU) awarded 157 shares as annual grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harris H Hiter III reported acquisition or exercise transactions in this Form 4 filing.
NewMarket Corporation director Harris H. Hiter III received an annual stock grant of 157 shares of Common Stock as compensation for service as a non-employee director. The shares were issued at no cost under the NewMarket Corporation 2023 Incentive Compensation and Stock Plan, bringing his direct holdings to 2,239 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris H Hiter III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 157 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,239 shares (Direct, null)
Footnotes (1)
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Key Figures
Stock grant size: 157 shares
Grant price per share: $0.0000 per share
Holdings after grant: 2,239 shares
3 metrics
Stock grant size
157 shares
Annual stock grant to non-employee director
Grant price per share
$0.0000 per share
Equity compensation, not open-market purchase
Holdings after grant
2,239 shares
Total direct Common Stock held after transaction
Key Terms
annual stock grant, non-employee directors, 2023 Incentive Compensation and Stock Plan
3 terms
annual stock grant financial
"Represents annual stock grant to non-employee directors."
non-employee directors financial
"Represents annual stock grant to non-employee directors."
Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.
2023 Incentive Compensation and Stock Plan financial
"Shares were issued under the NewMarket Corporation 2023 Incentive Compensation and Stock Plan."
FAQ
What insider transaction did NewMarket (NEU) disclose for Harris H. Hiter III?
NewMarket disclosed that director Harris H. Hiter III received 157 shares of Common Stock as an annual stock grant. The award is compensation for his role as a non-employee director, not an open-market share purchase.
Was the NewMarket (NEU) director stock grant an open-market purchase?
No, the transaction was not an open-market purchase. The 157 NewMarket shares were granted at no cost as an annual stock award to a non-employee director under the company’s 2023 Incentive Compensation and Stock Plan.
Under which plan was the NewMarket (NEU) director stock grant made?
The 157-share grant to director Harris H. Hiter III was issued under the NewMarket Corporation 2023 Incentive Compensation and Stock Plan. This plan governs equity-based compensation awards to eligible participants, including non-employee directors.
What does the Form 4 for NewMarket (NEU) indicate about transaction pricing?
The Form 4 shows a price per share of $0.0000 for the 157-share grant, indicating the award was issued at no cash cost to the director as part of his equity compensation for board service.