NPKI CEO’s RSUs Vest; Shares Withheld for Taxes
NPK International Inc. President & CEO Matthew Lanigan reported compensation-related equity activity.
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Form Type
4
Rhea-AI Filing Summary
NPK International Inc. President & CEO Matthew Lanigan reported compensation-related equity activity. On June 1, 2026, restricted stock units vested and converted into 100,188 shares of common stock, and 89,549 shares were withheld to cover tax obligations, resulting in a smaller net increase to his directly held shares. The filing also shows 770,249 common shares held indirectly through a trust, reflecting a substantial additional ownership position. These transactions reflect routine vesting and tax withholding rather than open-market purchases or sales.
Insider Trade Summary
100,188 shares exercised/converted
Exercise
6 txns
Insider
LANIGAN MATTHEW
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 100,188 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 22,232 | $14.31 | $318K |
| Exercise Price or Tax Liability | Common Stock | 27,894 | $14.31 | $399K |
| Exercise Price or Tax Liability | Common Stock | 39,423 | $14.31 | $564K |
| Exercise | Common Stock | 100,188 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 422,074 shares (Direct);
Common Stock — 770,249 shares (Indirect, by Trust)
Footnotes (3)
- F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
- F2. The restricted stock units vest and convert into shares on a one-for-one basis.
- F3. Grant of restricted stock units that vest in one-third increments on June 1 of each subsequent year after grant and settle in shares.
Key Figures
RSUs Converted: 100,188 shares
Tax Withholding Shares: 89,549 shares
Indirect Trust Holdings: 770,249 shares
+3 more
6 metrics
RSUs Converted
100,188 shares
Restricted stock units vesting into common stock on June 1, 2026
Tax Withholding Shares
89,549 shares
Shares delivered to satisfy tax obligations at vesting
Indirect Trust Holdings
770,249 shares
Common stock held indirectly by trust after reported transactions
Tax Withholding Price
$14.31 per share
Price per share used for tax-withholding dispositions
Exercise Transactions
1 transaction, 100,188 shares
Derivative exercise/conversion of restricted stock units
Tax Withholding Transactions
3 transactions, 89,549 shares
Payment of tax liability by delivering securities
Key Terms
Restricted Stock Units, tax withholding obligations, Exercise or conversion of derivative security, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vest and convert into shares on a one-for-one basis."
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.
tax withholding obligations financial
"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect financial
"ownership_type: indirect"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NPKI CEO Matthew Lanigan report on June 1, 2026?
Matthew Lanigan reported the vesting of restricted stock units into 100,188 shares of NPK International common stock. The filing also shows multiple share dispositions solely to satisfy tax withholding obligations tied to this vesting, rather than open-market sales of his holdings.
What does the Form 4 show about Matthew Lanigan’s indirect ownership of NPKI?
The Form 4 lists 770,249 NPK International common shares held indirectly by a trust. This reflects a significant ownership position associated with the CEO, separate from his directly held shares, and is disclosed as indirect ownership in the filing’s ownership type fields.
How many restricted stock units converted to NPKI common stock in this Form 4?
The filing shows 100,188 restricted stock units converting into an equal number of NPK International common shares. Footnotes clarify that the units vest and convert on a one-for-one basis and that this conversion is part of the company’s equity compensation structure.
Are the NPKI tax-withholding transactions in this Form 4 considered sales?
The reported tax-withholding entries are not conventional sales into the market. They represent shares delivered to satisfy tax liabilities upon vesting of restricted stock units, coded as disposition transactions but driven by tax obligations, not portfolio management decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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