NPK International Inc. (NPKI) director granted 8,558 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lewis Michael A reported acquisition or exercise transactions in this Form 4 filing.
NPK International Inc. director Lewis Michael A received a grant of 8,558 shares of common stock. The grant was at no cash cost per share and increased his direct holdings to 137,878 shares. The shares will vest on the earlier of the first anniversary of the grant date or the day before the next annual stockholders meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lewis Michael A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,558 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 137,878 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 8,558 shares
Grant price: $0.00 per share
Total holdings after grant: 137,878 shares
+2 more
5 metrics
Shares granted
8,558 shares
Common stock grant to director on May 20, 2026
Grant price
$0.00 per share
Stated price for equity award
Total holdings after grant
137,878 shares
Director’s direct common stock ownership after transaction
Transaction type
Grant, award, or other acquisition
Form 4 transaction code A for common stock
Vesting condition
Earlier of 1-year anniversary or pre-annual meeting
Time-based vesting for granted shares
Key Terms
Grant, award, or other acquisition, Common Stock, vest, annual stockholders meeting
4 terms
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vest financial
"The shares will vest on the earlier of the first anniversary"
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 stockholders meeting financial
"or the day prior to the next annual stockholders meeting"
FAQ
What insider transaction did NPKI director Lewis Michael A report?
Director Lewis Michael A reported receiving a grant of 8,558 shares of NPK International Inc. common stock. This was a non-cash award classified as a grant, award, or other acquisition, increasing his direct ownership position in the company.
Is the NPKI director’s transaction a market purchase or a compensation grant?
The transaction is a compensation-related grant, described as a "Grant, award, or other acquisition" of 8,558 shares. The $0.00 per-share price and vesting conditions confirm it is an equity award, not an open-market stock purchase by the director.