Nine Energy director granted 27,778 RSUs
Willis Darryl Keith reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Willis Darryl Keith reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service, Inc. director Willis Darryl Keith received a grant of 27,778 shares of Common Stock in the form of time-based restricted stock units, recorded at a price of $0.00 per share as a compensation award.
These restricted stock units will vest on June 30, 2027, provided he continues serving through that date. If he is nominated for re-election at the next annual stockholders’ meeting and is not elected to remain on the board, the units will fully vest on that meeting date. Following this grant, he holds 27,778 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 27,778 shares
Grant/Award
1 txn
Insider
Willis Darryl Keith
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,778 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 27,778 shares (Direct)
Footnotes (1)
- F1. Represents time-based restricted stock units that will vest on June 30, 2027, subject to the Reporting Person's continued service through the applicable vesting date; provided, however, that in the event the Reporting Person is up for re-election at the Issuer's next annual meeting of stockholders and is not elected to continue serving as a member of the board of directors at such annual meeting of stockholders, the shares shall be deemed fully vested on that annual meeting date.
Key Figures
RSU grant size: 27,778 shares
Grant price: $0.00 per share
Post-grant holdings: 27,778 shares
+1 more
4 metrics
RSU grant size
27,778 shares
Time-based restricted stock units granted to director
Grant price
$0.00 per share
Recorded transaction price for RSU award
Post-grant holdings
27,778 shares
Total common stock held directly after transaction
RSU vesting date
June 30, 2027
Scheduled vesting date for the time-based RSUs
Key Terms
restricted stock units, time-based, vest, annual meeting of stockholders, +1 more
5 terms
restricted stock units financial
"Represents time-based restricted stock units that will vest on June 30, 2027"
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.
time-based financial
"Represents time-based restricted stock units that will vest on June 30, 2027"
vest financial
"units that will vest on June 30, 2027, subject to the Reporting Person's continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"in the event the Reporting Person is up for re-election at the Issuer's next annual meeting of stockholders"
board of directors financial
"not elected to continue serving as a member of the board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nine Energy Service (NINE) report for Willis Darryl Keith?
Nine Energy Service reported that director Willis Darryl Keith received a grant of 27,778 shares of Common Stock as time-based restricted stock units. The award is a compensation-related acquisition, not an open-market purchase, and was recorded at a price of $0.00 per share.
When do Willis Darryl Keith’s 27,778 restricted stock units in NINE vest?
The 27,778 time-based restricted stock units granted to Willis Darryl Keith will vest on June 30, 2027. Vesting is conditioned on his continued service through this date, subject to an acceleration provision tied to the next annual stockholders’ meeting and board election outcome.
Is there an accelerated vesting condition for NINE director Willis Darryl Keith’s RSUs?
Yes. If Willis Darryl Keith stands for re-election at Nine Energy Service’s next annual stockholders’ meeting and is not elected to continue on the board, his 27,778 restricted stock units will become fully vested as of that annual meeting date, instead of June 30, 2027.
Was the NINE insider transaction by Willis Darryl Keith a market buy or a compensation grant?
The transaction was a compensation grant, coded as an acquisition under a grant or award, not a market purchase. The 27,778 shares were issued as time-based restricted stock units at a stated transaction price of $0.00 per share, reflecting their nature as equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
