Executive at Nine Energy (NYSE: NINE) receives 33,333 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schmidt Heather reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service, Inc. reported that officer Heather Schmidt received an equity grant in the form of 33,333 time-based restricted stock units representing common stock at a stated price of $0.00 per share. These units vest in three equal installments beginning on the first anniversary of the vesting commencement date, conditioned on her continued employment through each vesting date. Following this award, she directly holds 72,222 shares of common stock, reflecting her updated equity position with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmidt Heather
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,333 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 72,222 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant: 33,333 units
Grant price: $0.00 per share
Post-grant holdings: 72,222 shares
+1 more
4 metrics
RSU grant
33,333 units
Time-based restricted stock units granted on 2026-05-20
Grant price
$0.00 per share
Stated transaction price for awarded common stock
Post-grant holdings
72,222 shares
Total common stock directly held after the award
Vesting installments
3 equal installments
Vesting begins on first anniversary of vesting commencement date
Key Terms
restricted stock units, vesting commencement date, transaction code "A", continued employment
4 terms
restricted stock units financial
"Represents time-based restricted stock units that will vest in three equal installments"
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.
vesting commencement date financial
"beginning on the first anniversary of the applicable vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
transaction code "A" regulatory
"transaction_code: "A" with description Grant, award, or other acquisition"
continued employment financial
"subject to the Reporting Person's continued employment through each applicable vesting date"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What did Nine Energy Service (NINE) disclose in this Form 4 for Heather Schmidt?
Nine Energy Service disclosed an equity grant to officer Heather Schmidt. She received 33,333 time-based restricted stock units representing common stock, which vest over time, and her direct holdings increased to 72,222 shares after this award.
What is the vesting schedule for Heather Schmidt’s Nine Energy (NINE) restricted stock units?
The 33,333 restricted stock units vest in three equal, time-based installments. Vesting begins on the first anniversary of the vesting commencement date, with each installment requiring her continued employment through the applicable vesting date to receive the shares.
Is Heather Schmidt’s Nine Energy (NINE) Form 4 transaction an open-market stock purchase?
No, the Form 4 reports an award, not an open-market purchase. The transaction code is "A", indicating a grant or award acquisition at a stated price of $0.00 per share, rather than shares bought on the open market.
What are Heather Schmidt’s total Nine Energy (NINE) holdings after this Form 4 transaction?
After the grant, Heather Schmidt directly holds 72,222 Nine Energy shares. This figure includes the newly awarded 33,333 time-based restricted stock units representing common stock as reflected in the updated post-transaction ownership line.
What conditions apply to Heather Schmidt’s restricted stock units in Nine Energy (NINE)?
The restricted stock units are subject to time-based vesting and employment conditions. They will vest in three equal installments starting on the first anniversary of the vesting commencement date, provided she remains employed through each applicable vesting date.