CFO of NPK International (NPKI) receives 34,566 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Piontek Gregg reported acquisition or exercise transactions in this Form 4 filing.
NPK International Inc. reported that Senior Vice President and CFO Gregg Piontek received a grant of restricted stock units covering 34,566 shares of common stock. The award was granted at no cash cost per share and is a form of equity compensation rather than an open‑market purchase.
According to the terms, these restricted stock units vest in one-third increments on June 1 of each subsequent year after grant and will settle in shares of common stock. Following this grant, Piontek directly holds 853,892 shares, and a separate entry shows 65,000 shares of common stock held indirectly through an IRA and trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Piontek Gregg
Role
Senior Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,566 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 853,892 shares (Direct, null);
Common Stock — 65,000 shares (Indirect, by IRA)
Footnotes (1)
- Grant of restricted stock units that vest in one-third increments on June 1 of each subsequent year after grant and settle in shares. These shares are indirectly held by Trust.
Key Figures
RSU grant size: 34,566 shares
Grant price: $0.0000 per share
Direct holdings after grant: 853,892 shares
+1 more
4 metrics
RSU grant size
34,566 shares
Restricted stock units of common stock granted to CFO
Grant price
$0.0000 per share
Stated price per share for the RSU grant
Direct holdings after grant
853,892 shares
Common stock directly owned by Gregg Piontek after transaction
Indirect IRA holdings
65,000 shares
Common stock held indirectly by IRA and trust
Key Terms
restricted stock units, IRA, indirectly held, grant, award, or other acquisition
4 terms
restricted stock units financial
"Grant of restricted stock units that vest in one-third increments on June 1"
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.
IRA financial
"These shares are indirectly held by Trust and reported as by IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
indirectly held financial
"These shares are indirectly held by Trust."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did NPKI report for CFO Gregg Piontek?
NPK International reported an equity grant to CFO Gregg Piontek. He received 34,566 restricted stock units of common stock as compensation, not an open‑market purchase. The grant increases his equity stake and will vest over time according to the disclosed vesting schedule.
How do the NPKI restricted stock units granted to the CFO vest?
The restricted stock units vest in stages after the grant date. The award vests in one-third increments on June 1 of each subsequent year after grant and will settle in shares of common stock as the vesting conditions are satisfied.
Was the NPKI CFO’s Form 4 transaction a market buy or sell?
The Form 4 does not show any open‑market buys or sells. The main transaction is a grant of 34,566 restricted stock units at a price of $0.0000 per share, reflecting equity compensation rather than a cash purchase or sale of existing shares.
What does indirect ownership by IRA and trust mean in the NPKI filing?
Indirect ownership indicates shares are held through another entity. The Form 4 shows 65,000 common shares held indirectly by an IRA and trust, meaning the position is associated with the reporting person but held in these vehicles rather than directly in his name.