NGS director granted 3,009 restricted stock units
Hodges Georganne reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hodges Georganne reported acquisition or exercise transactions in this Form 4 filing.
NATURAL GAS SERVICES GROUP director Georganne Hodges received 3,009 Restricted Stock Units as an equity award. Each RSU represents the right to receive one share of common stock upon vesting.
The award was granted under the company’s 2019 Equity Incentive Plan and vests on the first anniversary of the grant date, subject to accelerated vesting in certain circumstances. Following these transactions, Hodges holds 11,066 shares of common stock directly and 3,009 RSUs representing additional contingent rights to common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,009 shares
Grant/Award
2 txns
Insider
Hodges Georganne
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,009 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,009 contracts (Direct);
Common Stock — 11,066 shares (Direct)
Footnotes (2)
- F1. Not applicable. Each Restricted Stock Unit represents the right to receive one share of the Issuer's common stock upon vesting.
- F2. Not Applicable. The acquisition reflects an award of Restricted Stock Units pursuant to the Company's 2019 Equity Incentive Plan. The award vests on the first anniversary of the grant date, subject to accelerated vesting under certain circumstances.
Key Figures
RSU award size: 3,009 RSUs
Common stock holdings: 11,066 shares
RSU grant price: $0.00 per unit
3 metrics
RSU award size
3,009 RSUs
Grant of Restricted Stock Units on June 10, 2026
Common stock holdings
11,066 shares
Direct common stock held following the reported transactions
RSU grant price
$0.00 per unit
RSUs granted without cash payment by the director
Key Terms
Restricted Stock Units, 2019 Equity Incentive Plan, accelerated vesting
3 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive one share of the Issuer's common stock upon vesting."
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.
2019 Equity Incentive Plan financial
"The acquisition reflects an award of Restricted Stock Units pursuant to the Company's 2019 Equity Incentive Plan."
accelerated vesting financial
"The award vests on the first anniversary of the grant date, subject to accelerated vesting under certain circumstances."
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Georganne Hodges report in the latest NGS Form 4 filing?
Georganne Hodges reported receiving 3,009 Restricted Stock Units from Natural Gas Services Group. These RSUs were granted as an equity award under the company’s 2019 Equity Incentive Plan and each RSU represents the right to receive one share of common stock upon vesting.
How many Restricted Stock Units were granted to the NGS director?
The NGS director, Georganne Hodges, was granted 3,009 Restricted Stock Units. Each unit is tied to one share of Natural Gas Services Group common stock, providing additional contingent equity compensation that will be delivered only if the vesting conditions are met.
When do Georganne Hodges’ NGS Restricted Stock Units vest?
The 3,009 Restricted Stock Units granted to Georganne Hodges vest on the first anniversary of the grant date. The award is also subject to accelerated vesting under certain circumstances, as specified in the company’s equity plan and related award documentation.
What plan governs the RSU award reported for NGS director Hodges?
The RSU award to NGS director Georganne Hodges was granted under the company’s 2019 Equity Incentive Plan. This plan authorizes equity-based compensation, including Restricted Stock Units, to directors and other participants in alignment with the company’s long-term incentive structure.
Do the NGS Restricted Stock Units currently pay any cash to Georganne Hodges?
The 3,009 Restricted Stock Units do not involve a cash purchase by Georganne Hodges and were granted at a price of $0.00 per unit. They represent a right to receive shares of common stock in the future if vesting requirements are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
