NPK International CFO granted 34,566 RSUs
Piontek Gregg reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,566 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Grant of restricted stock units that vest in one-third increments on June 1 of each subsequent year after grant and settle in shares.
- F2. These shares are indirectly held by Trust.
Key Figures
Key Terms
restricted stock units financial
IRA financial
indirectly held financial
grant, award, or other acquisition financial
FAQ
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What insider transaction did NPKI report for CFO Gregg Piontek?
How do the NPKI restricted stock units granted to the CFO vest?
Was the NPKI CFO’s Form 4 transaction a market buy or sell?
What does indirect ownership by IRA and trust mean in the NPKI filing?
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