NPK International (NPKI) awards 20,838 RSUs to VP Lori Briggs
Rhea-AI Filing Summary
Briggs Lori reported acquisition or exercise transactions in this Form 4 filing.
NPK International Inc. reported that executive Lori Briggs, VP & President, Industrial Solutions, received a grant of 20,838 shares of Common Stock in the form of restricted stock units at no cash purchase price. These units vest in one-third installments on June 1 of each year after the grant and settle in shares. Following this award, Briggs directly holds 263,351 shares of NPK International common stock, reflecting a routine equity compensation grant rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,838 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
restricted stock units financial
vest financial
Grant, award, or other acquisition financial
Common Stock financial
FAQ
What insider transaction did NPKI executive Lori Briggs report?
Lori Briggs reported receiving a grant of restricted stock units representing 20,838 shares of NPK International Common Stock. This is a compensation-related equity award, not an open-market purchase, and was reported on a Form 4 insider filing.
Is the NPKI Form 4 transaction an open-market buy or a stock grant?
The NPKI Form 4 shows a stock grant, not an open-market buy. The 20,838 shares were acquired under transaction code A, described as a grant, award, or other acquisition, at a price of $0.00 per share.
What is the vesting schedule for Lori Briggs’ NPKI restricted stock units?
The restricted stock units granted to Lori Briggs vest in one-third increments on June 1 of each subsequent year after the grant. Once vested, they settle in NPK International common shares according to the award terms.
What role does Lori Briggs hold at NPK International (NPKI)?
Lori Briggs serves as VP & President, Industrial Solutions at NPK International Inc. Her Form 4 filing reflects an equity compensation award tied to this executive role rather than discretionary trading in the company’s stock.