Nine Energy (NINE) officer Adam R. Law awarded 92,222 time-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Law Adam R. reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service, Inc. reported that officer Adam R. Law received a grant of 92,222 shares of Common Stock in the form of time-based restricted stock units. These RSUs were awarded at no cash cost to him and will vest in three equal installments starting on the first anniversary of the vesting commencement date, contingent on his continued employment. Following this grant, he holds 92,222 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Law Adam R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 92,222 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 92,222 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 92,222 shares
Grant price: $0.0000 per share
Post-transaction holdings: 92,222 shares
+1 more
4 metrics
RSUs granted
92,222 shares
Time-based restricted stock units granted to Adam R. Law
Grant price
$0.0000 per share
Stated price for the RSU award
Post-transaction holdings
92,222 shares
Total Common Stock held directly after the grant
Vesting schedule
Three equal installments
Starting on first anniversary of vesting commencement date
Key Terms
restricted stock units, vesting commencement date, continued employment, Grant, award, or other acquisition
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.
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
What did Nine Energy Service (NINE) disclose about Adam R. Law in this Form 4?
Nine Energy Service disclosed that officer Adam R. Law received a grant of 92,222 time-based restricted stock units. These RSUs represent Common Stock awarded as compensation, not purchased in the market, and will vest over time subject to continued employment.
How do Adam R. Law’s restricted stock units in Nine Energy Service (NINE) vest?
The restricted stock units granted to Adam R. Law vest in three equal installments. Vesting begins on the first anniversary of the applicable vesting commencement date, and each installment requires his continued employment through the relevant vesting date to be earned.
Is Adam R. Law’s Form 4 transaction in Nine Energy Service (NINE) a buy or a grant?
The Form 4 reports a grant, not a market buy. The transaction code “A” and description show a grant or award acquisition of 92,222 restricted stock units, awarded as compensation at a stated price of $0.0000 per share rather than through open-market purchases.