NewMarket (NEU) director awarded 157-share annual stock grant under 2023 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ukrop Lowell Simmons reported acquisition or exercise transactions in this Form 4 filing.
NewMarket Corporation director Ukrop Lowell Simmons received an award of 157 shares of common stock, bringing direct holdings to 494 shares. The shares were granted as an annual stock grant to non-employee directors under the NewMarket Corporation 2023 Incentive Compensation and Stock Plan, with no cash paid per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ukrop Lowell Simmons
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 157 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 494 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 157 shares
Shares held after grant: 494 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Shares granted
157 shares
Annual stock grant to non-employee director
Shares held after grant
494 shares
Direct holdings following transaction
Grant price per share
$0.0000 per share
Reported transaction price in Form 4
Acquisition transactions
1 transaction
Form 4 transaction summary acquireCount
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) report for Ukrop Lowell Simmons?
NewMarket reported that director Ukrop Lowell Simmons received an award of 157 shares of common stock. This was an annual stock grant to non-employee directors under the company’s 2023 Incentive Compensation and Stock Plan, increasing his direct holdings to 494 shares in total.
Was the NewMarket (NEU) stock grant to Ukrop Lowell Simmons an open-market purchase?
No, the 157-share transaction was a grant, not an open-market purchase. It was issued as part of NewMarket’s annual stock grant to non-employee directors under the 2023 Incentive Compensation and Stock Plan, with a reported price per share of $0.0000 in the filing.
What plan governed the latest NewMarket (NEU) director stock grant?
The stock grant was made under the NewMarket Corporation 2023 Incentive Compensation and Stock Plan. The filing states that the 157 shares represent the annual stock grant to non-employee directors, aligning director compensation with equity in the company rather than cash payments.
Does the NewMarket (NEU) Form 4 indicate any stock sales by Ukrop Lowell Simmons?
The Form 4 does not indicate any stock sales by Ukrop Lowell Simmons. It reports only one acquisition transaction coded as a grant or award, covering 157 shares of common stock, and shows zero sell transactions or dispositions in the summarized transaction data.