NPK International (NPKI) CFO reports RSU vesting and tax-share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NPK International Inc. Senior Vice President and CFO Gregg Piontek reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, restricted stock units converted on a one-for-one basis into 40,379 shares of common stock. To satisfy tax withholding obligations upon this vesting, a total of 36,089 shares were delivered back at $14.31 per share, which is characterized as tax-withholding dispositions rather than open-market sales. After these transactions, Piontek holds 817,803 common shares directly and 65,000 common shares indirectly through an account, indicating a substantial remaining ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,379 shares exercised/converted
Mixed
6 txns
Insider
Piontek Gregg
Role
Senior Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,379 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,959 | $14.31 | $128K |
| Tax Withholding | Common Stock | 15,889 | $14.31 | $227K |
| Tax Withholding | Common Stock | 11,241 | $14.31 | $161K |
| Exercise | Common Stock | 40,379 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 844,933 shares (Direct, null);
Common Stock — 65,000 shares (Indirect, by IRA)
Footnotes (1)
- Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units. The restricted stock units vest and convert into shares on a one-for-one basis. These shares are indirectly held by Trust. 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
RSU conversion: 40,379 shares
Tax-withholding shares: 36,089 shares
Tax-withholding price: $14.31 per share
+3 more
6 metrics
RSU conversion
40,379 shares
Restricted stock units converting into common stock on June 1, 2026
Tax-withholding shares
36,089 shares
Shares delivered to satisfy tax obligations at vesting
Tax-withholding price
$14.31 per share
Price used for tax-withholding dispositions
Direct holdings after transactions
817,803 shares
Common stock directly owned following Form 4 transactions
Indirect holdings
65,000 shares
Common stock indirectly owned through an account
Derivative exercises
40,379 shares
Exercise/conversion of derivative RSU position into common stock
Key Terms
Restricted Stock Units, tax withholding obligations, one-for-one basis, indirectly held, +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."
one-for-one basis financial
"The restricted stock units vest and convert into shares on a one-for-one basis."
indirectly held financial
"These shares are indirectly held by Trust."
Senior Vice President and CFO financial
"Piontek Gregg serves as Senior Vice President and CFO."
FAQ
What did NPKI CFO Gregg Piontek report in this Form 4 filing?
CFO Gregg Piontek reported vesting of restricted stock units converting into 40,379 NPKI common shares, along with related tax-withholding share dispositions, leaving him with 817,803 directly held shares and additional indirect ownership through an account.
Were any of Gregg Piontek’s NPKI transactions open-market buys or sells?
The filing shows no open-market purchases or sales by Gregg Piontek. Reported activity consists of RSU vesting, derivative exercises, and shares delivered to satisfy tax withholding obligations, which are routine compensation-related events rather than discretionary trading decisions.