NPK International insider plans $135K stock sale
NPK International Inc. (NPKI) received a notice under Rule 144 for a proposed sale of restricted securities.
Rhea-AI Filing Summary
NPK International Inc. (NPKI) received a notice under Rule 144 for a proposed sale of restricted securities. The sale is for 10,000 shares of common stock held for the account of Rose M. Robeson, with UBS Financial Services Inc. acting as attorney-in-fact and broker.
The shares relate to Restricted Stock Units originally acquired from the issuer on May 14, 2022. The filing lists an approximate aggregate market value of $134,917 for these shares and reports 84,909,894 shares of common stock outstanding, with the common stock listed on the NYSE.
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Key Figures
Shares to be sold: 10,000 shares of common stock
Aggregate market value: $134,917
Shares outstanding: 84,909,894 shares of common stock
+1 more
4 metrics
Shares to be sold
10,000 shares of common stock
Proposed sale under Rule 144 for the account of Rose M. Robeson
Aggregate market value
$134,917
Approximate market value of the 10,000 shares proposed to be sold
Shares outstanding
84,909,894 shares of common stock
Reported outstanding shares of NPK International Inc. common stock
Acquisition date
May 14, 2022
Date the Restricted Stock Units were acquired from the issuer
Key Terms
Rule 144, Restricted Stock Units, attorney-in-fact
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 | 05/14/2022 | 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.
attorney-in-fact regulatory
"UBS Financial Services Inc, as attorney-in-fact for Rose Robeson"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing by NPKI relate to?
It relates to a proposed Rule 144 sale of 10,000 shares of NPK International Inc. common stock for the account of Rose M. Robeson, with UBS Financial Services Inc. acting as attorney-in-fact and broker.
AI-generated analysis. How Rhea-AI works. Not financial advice.