Director Meredith Mendes granted 6,000 NL (NYSE: NL) shares as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NL Industries Inc director Meredith W. Mendes reported an equity grant on Common Stock. She acquired 6,000 shares at a reported value of $6.67 per share under the NL Industries, Inc. 2023 Non-Employee Director Stock Plan. After this award, she directly holds 34,550 common shares.
The shares were issued for no cash consideration, indicating this was compensation rather than an open-market purchase. As a non-employee director, this type of stock award aligns her interests with other shareholders without requiring an out-of-pocket investment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mendes Meredith W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock $0.125 par value per share | 6,000 | $6.67 | $40K |
Holdings After Transaction:
Common Stock $0.125 par value per share — 34,550 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 6,000 shares
Grant value per share: $6.67 per share
Shares owned after transaction: 34,550 shares
+1 more
4 metrics
Shares granted
6,000 shares
Common Stock award to director on 2026-05-14
Grant value per share
$6.67 per share
Reported transaction price for equity award
Shares owned after transaction
34,550 shares
Director’s direct holdings following grant
Par value
$0.125 per share
Par value of NL common stock
Key Terms
Form 4, Common Stock $0.125 par value per share, 2023 Non-Employee Director Stock Plan, grant/award acquisition
4 terms
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
2023 Non-Employee Director Stock Plan financial
"under the NL Industries, Inc. 2023 Non-Employee Director Stock Plan."
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
FAQ
What did NL (NL Industries Inc) director Meredith W. Mendes report in this Form 4?
Meredith W. Mendes reported receiving 6,000 shares of NL common stock as an equity award. The grant was valued at $6.67 per share and increased her direct holdings to 34,550 shares as part of director compensation.
Was Meredith W. Mendes’ NL stock transaction a market purchase or a grant?
The transaction was a stock grant, not a market purchase. The Form 4 shows 6,000 common shares issued for no cash consideration under NL Industries’ 2023 Non-Employee Director Stock Plan as compensation for her service as a director.
What is the stated value of the NL Industries stock granted to Meredith W. Mendes?
The 6,000 shares of NL common stock were reported at $6.67 per share. This per-share figure is the transaction price shown in the Form 4, providing a reference value for the director stock award made under the company’s 2023 plan.
What is the NL Industries 2023 Non-Employee Director Stock Plan mentioned in the filing?
The 2023 Non-Employee Director Stock Plan is NL Industries’ program for compensating outside directors with equity. Under this plan, directors like Meredith W. Mendes receive shares, such as the 6,000-share grant issued for no cash consideration in this Form 4 filing.