Nine Energy (NINE) director Patrick Bartels Jr. receives 27,778 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BARTELS PATRICK J JR reported acquisition or exercise transactions in this Form 4 filing.
Nine Energy Service director Patrick J. Bartels Jr. received a grant of 27,778 shares of common stock in the form of time-based restricted stock units. These RSUs were awarded at no cash cost to him and represent his current direct holdings after the transaction.
The restricted stock units are scheduled to vest on June 30, 2027, as long as he continues to serve through that date. If he stands for re-election at the next annual shareholder meeting and is not elected, the units will fully vest on that meeting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BARTELS PATRICK J JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,778 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,778 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 27,778 shares
Grant price per share: $0.00 per share
Holdings after transaction: 27,778 shares
+1 more
4 metrics
RSU grant size
27,778 shares
Time-based restricted stock units granted to director
Grant price per share
$0.00 per share
Stated transaction price for RSU award
Holdings after transaction
27,778 shares
Total direct common stock/RSUs after grant
Scheduled vesting date
June 30, 2027
Time-based vesting for RSU award
Key Terms
restricted stock units, vest, 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.
vest financial
"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
"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 Nine Energy (NINE) report for Patrick J. Bartels Jr.?
Nine Energy reported that director Patrick J. Bartels Jr. received 27,778 restricted stock units of common stock as a grant. The award carries no cash exercise price and represents his entire direct holding following this compensation-related transaction.
When do Patrick J. Bartels Jr.’s Nine Energy (NINE) restricted stock units vest?
The 27,778 restricted stock units granted to Patrick J. Bartels Jr. are scheduled to vest on June 30, 2027. Vesting requires his continued service, with an alternative vesting trigger tied to the result of the next annual shareholder meeting.
What conditions affect vesting of the Nine Energy (NINE) RSUs granted to Patrick J. Bartels Jr.?
The RSUs vest on June 30, 2027 if Patrick J. Bartels Jr. continues serving through that date. If he stands for re-election at the next annual shareholder meeting and is not elected, all shares become fully vested on that annual meeting date instead.
Is Patrick J. Bartels Jr.’s Nine Energy (NINE) Form 4 transaction an open-market purchase or a grant?
The Form 4 shows a grant or award acquisition, not an open-market purchase. Patrick J. Bartels Jr. received 27,778 restricted stock units at a stated price of $0.00 per share as part of his director compensation arrangement.