NPK International (NPKI) VP awarded 18,002 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NPK International Inc. reported that VP and General Counsel Mary Celeste Fruge acquired 18,002 shares of common stock through a grant of restricted stock units. These units vest in one-third increments on June 1 of each subsequent year after the grant and settle in shares. Following this compensation award, she holds 283,215 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fruge Mary Celeste
Role
VP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,002 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 283,215 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 18,002 shares
Price per granted share: $0.00 per share
Shares owned after grant: 283,215 shares
+1 more
4 metrics
RSU grant size
18,002 shares
Restricted stock units granted on May 19, 2026
Price per granted share
$0.00 per share
Equity award, not an open-market purchase
Shares owned after grant
283,215 shares
Total direct holdings following the transaction
Vesting pattern
One-third annually
RSUs vest in one-third increments each June 1 after grant
Key Terms
restricted stock units, transaction code A, direct ownership
3 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.
transaction code A financial
"transaction_code_description: Grant, award, or other acquisition"
direct ownership financial
"ownership_type: direct and direct_or_indirect: D for the common stock"
FAQ
What insider transaction did NPKI disclose for Mary Celeste Fruge?
NPK International reported that VP and General Counsel Mary Celeste Fruge received a grant of 18,002 restricted stock units. These units represent common stock awarded as compensation, not an open-market purchase, and will vest over time according to the grant’s schedule.
What is the vesting schedule for Mary Celeste Fruge’s NPKI restricted stock units?
The restricted stock units vest in one-third increments on June 1 of each subsequent year after the grant. As each tranche vests, it settles in shares of NPK International common stock, gradually delivering the full 18,002-share award over time.
Was this NPKI insider transaction a market buy or sell?
No, this was not a market buy or sell. The Form 4 uses transaction code A, meaning a grant, award, or other acquisition. The shares were granted as restricted stock units at no cost, as part of her compensation package, rather than traded in the open market.