Nine Energy (NINE) director Hawks Carney awarded 41,667 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hawks Carney reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service director Hawks Carney received an equity award in the form of restricted stock units. The Form 4 reports a grant of 41,667 shares of common stock at no purchase price, increasing his directly held position to 41,667 shares.
The footnote explains these are time-based restricted stock units scheduled to vest on June 30, 2027, if he continues serving through that date. If he stands for re-election at the next annual shareholder meeting and is not elected to remain on the board, the units will instead fully vest on that meeting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hawks Carney
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,667 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,667 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 41,667 shares
Price per share: $0.00 per share
Shares held after grant: 41,667 shares
+1 more
4 metrics
Shares granted
41,667 shares
Time-based restricted stock units granted on May 18, 2026
Price per share
$0.00 per share
Grant/award acquisition, no purchase price
Shares held after grant
41,667 shares
Direct holdings following reported transaction
Scheduled vesting date
June 30, 2027
Time-based RSUs vest if service continues through this date
Key Terms
restricted stock units, vesting, annual meeting of stockholders, board of directors
4 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.
vesting financial
"that will vest on June 30, 2027, subject to the Reporting Person's continued service"
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.
annual meeting of stockholders financial
"at the Issuer's next annual meeting of stockholders and is not elected"
board of directors financial
"continue serving as a member of the board of directors at such annual meeting"
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
What insider transaction did Hawks Carney report at Nine Energy Service (NINE)?
Hawks Carney reported receiving an equity award of 41,667 shares of Nine Energy Service common stock. The award was granted at no purchase price and represents time-based restricted stock units that increase his directly held position to 41,667 shares following the grant.
When do Hawks Carney’s Nine Energy Service (NINE) restricted stock units vest?
The restricted stock units granted to Hawks Carney are scheduled to vest on June 30, 2027. Vesting depends on his continued service through that date, reflecting typical director compensation structures that align ongoing board service with equity-based incentives and long-term company performance.
What happens to Hawks Carney’s Nine Energy Service (NINE) RSUs if he is not re-elected?
If Hawks Carney stands for re-election at Nine Energy Service’s next annual shareholder meeting and is not elected, his restricted stock units fully vest on that meeting date. This provision protects the award if shareholders choose a different director slate at that annual meeting.
Was Hawks Carney’s Nine Energy Service (NINE) equity award an open-market stock purchase?
No, the Form 4 indicates a grant coded as an award or other acquisition, not an open-market purchase. The 41,667 shares are time-based restricted stock units awarded at no purchase price, subject to vesting conditions tied to his continued board service and potential re-election outcome.