Nine Energy (NINE) awards 38,889 time-based RSUs to company officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nine Energy Service, Inc. reported that officer Luz S. Brett acquired a grant of 38,889 shares of common stock in the form of time-based restricted stock units at no purchase price. These units will vest in three equal installments beginning on the first anniversary of the vesting commencement date, subject to her continued employment through each vesting date. Following this grant, she is reported as directly holding 38,889 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Luz S. Brett
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,889 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,889 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 38,889 units
Grant price: $0.0000 per unit
Shares held after grant: 38,889 shares
+1 more
4 metrics
RSUs granted
38,889 units
Time-based restricted stock units awarded to officer Luz S. Brett
Grant price
$0.0000 per unit
Reported transaction price per share for the RSU grant
Shares held after grant
38,889 shares
Total common shares reported as directly held after transaction
Vesting installments
3 equal installments
RSUs vest over three equal tranches starting one year after commencement
Key Terms
restricted stock units, vesting, vesting commencement date, 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 financial
"will vest in three equal installments beginning on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.
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 insider transaction did Nine Energy Service (NINE) report for Luz S. Brett?
Nine Energy Service reported that officer Luz S. Brett received a grant of 38,889 time-based restricted stock units representing common stock. The award was reported at no purchase price and reflects a compensation-related acquisition rather than an open-market share purchase or sale.
How many restricted stock units did Luz S. Brett receive from Nine Energy Service (NINE)?
Luz S. Brett received 38,889 time-based restricted stock units tied to Nine Energy Service common stock. These units are structured as an equity award and were reported with a per-unit price of zero, indicating they were granted as part of her compensation package.
What is the vesting schedule for Luz S. Brett’s 38,889 RSUs at Nine Energy Service (NINE)?
The 38,889 restricted stock units will vest in three equal installments. Vesting begins on the first anniversary of the applicable vesting commencement date and each installment requires Luz S. Brett to remain employed through the corresponding vesting date.