NL Industries director receives 6,000-share stock grant
NL Industries Inc director Meredith W. Mendes reported an equity grant on Common Stock.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock $0.125 par value per share | 6,000 | $6.67 | $40K |
Footnotes (1)
- F1. Shares issued for no cash consideration to directors under the NL Industries, Inc. 2023 Non-Employee Director Stock Plan.
Key Figures
Key Terms
Form 4 regulatory
2023 Non-Employee Director Stock Plan financial
grant/award acquisition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NL (NL Industries Inc) director Meredith W. Mendes report in this Form 4?
Was Meredith W. Mendes’ NL stock transaction a market purchase or a grant?
What is the stated value of the NL Industries stock granted to Meredith W. Mendes?
What is the NL Industries 2023 Non-Employee Director Stock Plan mentioned in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.