NPK International officer files sale of 2,991 shares
An NPK International officer has filed a Rule 144 notice to sell 2,991 common shares from vested equity awards.
Rhea-AI Filing Summary
NPK International Inc. (NPKI) has a notice under Rule 144 indicating that officer Matthew Warren plans to sell up to 2,991 shares of common stock. The shares are held at Morgan Stanley Smith Barney’s Executive Financial Services and are expected to be sold on the NYSE with an estimated aggregate sale price of $40,378.50. The shares to be sold relate to Restricted Stock Units granted by the issuer on June 1, 2024.
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Key Figures
Shares to be sold: 2,991 shares
Estimated aggregate sale price: $40,378.50
RSU grant date: June 1, 2024
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5 metrics
Shares to be sold
2,991 shares
Maximum NPK International Inc. common shares covered by the Rule 144 notice
Estimated aggregate sale price
$40,378.50
Estimated total value of the 2,991 shares listed in the securities information section
RSU grant date
June 1, 2024
Date of Restricted Stock Units from which the 2,991 shares originate
Issuer phone number
281-362-6800
Contact number listed for NPK International Inc.
Shares related to RSUs
2,991 shares
Number of shares shown in the Securities To Be Sold section for the June 1, 2024 RSUs
Key Terms
Rule 144, Restricted Stock Units, Form 144
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 06/01/2024 | Restricted Stock Units | Issuer |"
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.
Form 144 regulatory
"144: Securities To Be Sold"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing by NPKI’s officer Matthew Warren disclose?
It discloses that officer Matthew Warren has filed a Rule 144 notice to sell up to 2,991 shares of NPK International Inc. common stock, held through Morgan Stanley Smith Barney’s Executive Financial Services, with an estimated aggregate sale price of $40,378.50.
What type of securities is Matthew Warren selling from NPKI?
The securities are common stock of NPK International Inc., arising from Restricted Stock Units granted on June 1, 2024. Up to 2,991 shares from these RSUs are covered by the Rule 144 sale notice.
AI-generated analysis. How Rhea-AI works. Not financial advice.