RPC Inc (RES) director Rollins reports 7,352-share equity compensation grant and 2.17M holdings
Rhea-AI Filing Summary
Rollins Timothy Curtis reported acquisition or exercise transactions in this Form 4 filing.
RPC Inc director and 10% owner Timothy Curtis Rollins reported new share holdings in RPC Inc. He received a grant of 7,352 shares of common stock as equity compensation that vest immediately at a stated price of $0.0000 per share, increasing his direct ownership to 2,165,710 shares. He also reports indirect ownership of 1,530 shares held by his spouse. A portion of his direct holdings, 1,142,234 shares, reflects a prior pro rata distribution from RCTLOR, LLC made for no consideration on February 27, 2026. The filing notes that Rollins disclaims beneficial ownership of some securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases director’s reported RPC stake.
The Form 4 shows Timothy Curtis Rollins, a director and 10% owner of RPC Inc, receiving 7,352 shares of common stock as equity compensation that vest immediately, at a stated price of $0.0000 per share. This is characterized as a grant or award, not an open-market purchase.
After this grant, his direct holdings rise to 2,165,710 shares, while 1,530 additional shares are reported as indirectly owned through his spouse. A footnote explains that 1,142,234 of the directly held shares came from a prior pro rata distribution by RCTLOR, LLC on February 27, 2026, for no consideration, and that he disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.10 Par Value | 7,352 | $0.00 | -- |
| holding | Common Stock, $.10 Par Value | -- | -- | -- |
Footnotes (1)
- Represents 7,352 shares granted as equity compensation that vest immediately. Includes 1,142,234 shares that were received as part of a distribution to the equity holders of RCTLOR, LLC on a pro rata basis, for no consideration, effected on February 27, 2026. The reporting person disclaims for the purpose of Section 16 of the Securities Exchange Act of 1934 the beneficial ownership of such securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of such beneficial ownership.