Nine Energy Service grants 136,111 RSUs to officer
Crombie David reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Crombie David reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service, Inc. reported that officer David Crombie received an equity grant linked to the company’s common stock. The award covers 136,111 shares, reported at a price of $0.0000 per share, and represents his entire directly held position after the transaction.
According to the footnote, this grant consists of time-based restricted stock units that will vest in three equal installments, beginning on the first anniversary of the applicable vesting commencement date. Each installment requires Mr. Crombie’s continued employment through the relevant vesting date for the units to fully vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 136,111 shares
Grant/Award
1 txn
Insider
Crombie David
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 136,111 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 136,111 shares (Direct)
Footnotes (1)
- F1. Represents time-based restricted stock units that will vest in three equal installments beginning on the first anniversary of the applicable vesting commencement date, subject to the Reporting Person's continued employment through each applicable vesting date.
Key Figures
Equity award size: 136,111 shares
Reported grant price: $0.0000 per share
Post-transaction holdings: 136,111 shares
+1 more
4 metrics
Equity award size
136,111 shares
Time-based restricted stock units granted to officer
Reported grant price
$0.0000 per share
Compensation grant, not open-market purchase
Post-transaction holdings
136,111 shares
Total shares reported following the transaction
Vesting installments
3 equal installments
Time-based vesting schedule of restricted stock units
Key Terms
time-based restricted stock units, vesting commencement date, continued employment, grant, award, or other acquisition
4 terms
time-based restricted stock units financial
"Represents time-based restricted stock units that will vest in three equal installments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
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.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nine Energy Service (NINE) report for David Crombie?
Nine Energy Service reported an equity award to officer David Crombie. He received 136,111 units linked to common stock at a reported price of $0.0000. The award is time-based and vests over several years, subject to his continued employment with the company.
What type of award did Nine Energy Service (NINE) grant to David Crombie?
The award to David Crombie is a grant of time-based restricted stock units tied to Nine Energy Service common stock. It is classified as a grant, award, or other acquisition transaction and reported with a price per share of $0.0000, reflecting a compensation grant rather than a market purchase.
What is the vesting schedule of David Crombie’s restricted stock units at Nine Energy Service (NINE)?
Crombie’s restricted stock units will vest in three equal installments. Vesting begins on the first anniversary of the applicable vesting commencement date. Each installment requires that he remain employed by Nine Energy Service through the corresponding vesting date for those units to become fully vested.
Was David Crombie’s Nine Energy Service (NINE) equity grant an open-market purchase?
No, the transaction was not an open-market purchase. It is classified as a grant, award, or other acquisition with a reported price of $0.0000 per share, indicating compensation-related restricted stock units rather than a buy order on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
