NATURAL GAS SERVICES (NGS) director awarded 3,009 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JACKSON JOHN EARL reported acquisition or exercise transactions in this Form 4 filing.
NATURAL GAS SERVICES GROUP INC director John Earl Jackson received a grant of 3,009 Restricted Stock Units (RSUs). These RSUs were awarded at no cash cost to him as equity compensation and each RSU represents one share of the company’s 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 possible accelerated vesting in certain situations. Following this grant, Jackson holds 3,009 RSUs directly, aligning his compensation more closely with shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JACKSON JOHN EARL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,009 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,009 shares (Direct, null)
Footnotes (1)
- Not applicable. Each Restricted Stock Unit represents the right to receive one share of the Issuer's common stock upon vesting. 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 grant size: 3,009 units
RSU transaction price: $0.0000 per unit
RSUs after transaction: 3,009 units
+1 more
4 metrics
RSU grant size
3,009 units
Restricted Stock Units granted to director on grant date
RSU transaction price
$0.0000 per unit
Equity compensation, no cash paid by director
RSUs after transaction
3,009 units
Total derivative securities following transaction
Underlying common shares
3,009 shares
Each RSU represents one NGS common share upon vesting
Key Terms
Restricted Stock Units, 2019 Equity Incentive Plan, vests on the first anniversary, underlying security
4 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."
vests on the first anniversary financial
"The award vests on the first anniversary of the grant date, subject to accelerated vesting under certain circumstances."
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "3009.0000""
FAQ
What insider transaction did NGS director John Earl Jackson report on this Form 4?
John Earl Jackson reported receiving 3,009 Restricted Stock Units from NATURAL GAS SERVICES GROUP INC. The RSUs were granted as equity compensation, not purchased on the open market, and give him the right to receive an equal number of common shares when they vest.
How many Restricted Stock Units did NGS grant to director John Earl Jackson?
NATURAL GAS SERVICES GROUP INC granted John Earl Jackson 3,009 Restricted Stock Units. These units represent a future right to receive 3,009 shares of common stock, subject to vesting conditions defined in the company’s 2019 Equity Incentive Plan.
What are the vesting terms for John Earl Jackson’s NGS Restricted Stock Units?
The 3,009 NGS Restricted Stock Units vest on the first anniversary of the grant date. Vesting is also subject to accelerated vesting in certain circumstances, as provided under the company’s 2019 Equity Incentive Plan governing this award.
Did John Earl Jackson pay cash for the 3,009 NGS Restricted Stock Units?
No, the 3,009 Restricted Stock Units were granted at no cash cost to John Earl Jackson. They were awarded as part of his equity compensation, with a stated transaction price per unit of 0.0000 in the Form 4 filing data.
What does each NGS Restricted Stock Unit granted to John Earl Jackson represent?
Each Restricted Stock Unit represents the right to receive one share of NGS common stock. Upon vesting, the RSUs convert into an equal number of common shares, aligning the director’s economic interest with that of other shareholders.
How many NGS Restricted Stock Units does John Earl Jackson hold after this grant?
After the grant, John Earl Jackson holds 3,009 Restricted Stock Units directly. The Form 4 shows total derivative securities following the transaction equal to 3,009, all tied to NGS common stock as the underlying security.