Director at Natural Gas Services (NGS) gains stock through RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATURAL GAS SERVICES GROUP INC director Stephen Charles Taylor reported equity-related transactions involving restricted stock units (RSUs) and common stock. He exercised 4,456 RSUs at $0.0000 per unit into 4,456 shares of common stock and received this grant as a compensation award. A related footnote states he elected to receive 50% of the RSU value in cash. Another J-code entry reflects 2,228 common shares at $39.87 per share classified as an “other acquisition or disposition.” Following these transactions, he holds 200,046 common shares directly and 94,803 common shares indirectly through a Rabbi Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,456 shares exercised/converted
Mixed
4 txns
Insider
Taylor Stephen Charles
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,456 | $0.00 | -- |
| Grant/Award | Common Stock | 4,456 | $0.00 | -- |
| Other | Common Stock | 2,228 | $39.87 | $89K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 200,046 shares (Direct, null);
Common Stock — 94,803 shares (Indirect, Rabbi Trust)
Footnotes (1)
- Not applicable. The reported shares were acquired in connection with the vesting of a restricted stock unit (RSU) award. Represents an election by the reporting person to receive 50% of the value of the RSUs in cash. Not applicable. Each RSU represented the right to receive one share of the Issuer's common stack upon vesting (or upon election by the reporting person, up to 50% of the RSUIs in cash).
Key Figures
RSUs exercised: 4,456 units
RSU exercise price: $0.0000 per unit
J-code shares: 2,228 shares
+4 more
7 metrics
RSUs exercised
4,456 units
Restricted Stock Units converted into common stock
RSU exercise price
$0.0000 per unit
Conversion of RSUs into common stock
J-code shares
2,228 shares
Other acquisition or disposition entry
J-code price
$39.87 per share
Price for 2,228 common shares in J-code transaction
Direct holdings after
200,046 shares
Common stock directly owned after transactions
Indirect holdings after
94,803 shares
Common stock indirectly owned through Rabbi Trust
Derivative exercises
4,456 shares
Shares from exercise or conversion of derivative security
Key Terms
Restricted Stock Units, Rabbi Trust, grant/award acquisition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"security_title: Restricted Stock Units"
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.
Rabbi Trust financial
"nature_of_ownership: Rabbi Trust"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
