Natural Gas Services (NGS) awards CFO 10,506 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eckert Ian M reported acquisition or exercise transactions in this Form 4 filing.
NATURAL GAS SERVICES GROUP INC reported an equity compensation award for its Chief Financial Officer, Ian M. Eckert. He received 10,506 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock upon vesting without payment.
The award vests in one-third annual increments beginning on March 12, 2027, assuming his continuous service, with potential accelerated vesting under certain circumstances. As of this filing, he also holds 1,764 shares of common stock and 5,063 RSUs directly, indicating this is a routine, non‑market grant rather than an open‑market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Eckert Ian M
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10,506 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,506 shares (Direct);
Common Stock — 1,764 shares (Direct)
Footnotes (1)
- Not Applicable. Each RSU represents the right to receive one share of Common Stock upon vesting without payment. Not Applicable. The acquisition reflects an award of Restricted Stock Units pursuant to the Company's 2019 Equity Incentive Plan. The award vests in one-third annual increments beginning on March 12, 2027, assuming continuous service by the Reporting Person during each vesting increment, subject to accelerated vesting under certain circumstances. Not Applicable. Each RSU represents the right to receive one share of Company common stock upon vesting without payment.
FAQ
What did NGS disclose about its CFO’s recent equity award?
NGS disclosed that its Chief Financial Officer, Ian M. Eckert, received 10,506 Restricted Stock Units as an equity award. Each RSU can convert into one share of common stock upon vesting, providing stock-based compensation instead of an immediate cash payment.
How do the new RSUs for the NGS CFO vest over time?
The 10,506 RSUs awarded to the NGS CFO vest in one-third annual increments beginning March 12, 2027. Vesting requires his continuous service for each vesting period, with the award subject to accelerated vesting under certain specified circumstances in the company’s equity plan.
What are the NGS CFO’s reported holdings after this Form 4 filing?
After this filing, the NGS CFO is shown holding 1,764 shares of common stock directly and 5,063 Restricted Stock Units. These figures reflect his existing equity position alongside the newly granted 10,506 RSUs that will vest over time if service conditions are met.
Is the NGS CFO’s RSU grant an open-market stock purchase or sale?
The RSU grant to the NGS CFO is not an open-market purchase or sale. It is a compensation-related award under NGS’s 2019 Equity Incentive Plan, with no transaction price per share and vesting based on continued employment and plan terms.