RPC (NYSE: RES) CFO receives 78,600 restricted shares with 2027 vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RPC Inc.'s CFO and Corporate Secretary, Michael Schmit, reported an equity award of 78,600 shares of common stock on January 27, 2026. These shares are restricted stock that vest in three equal annual installments of 33 1/3 percent beginning in 2027.
After this award, Schmit beneficially owns 235,776 shares of RPC common stock in direct form. The transaction is coded as an acquisition and reflects routine stock-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schmit Michael
Role
CFO and Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock $.10 Par Value | 78,600 | $0.00 | -- |
Holdings After Transaction:
Common Stock $.10 Par Value — 235,776 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RPC Inc. (RES) report for Michael Schmit?
RPC Inc. reported that CFO and Corporate Secretary Michael Schmit acquired 78,600 shares of restricted common stock. The award was recorded on January 27, 2026, and is classified as an acquisition transaction on a Form 4 insider trading report.
Was Michael Schmit’s RPC (RES) Form 4 transaction a purchase on the open market?
No, the Form 4 shows an acquisition of 78,600 restricted shares as stock-based compensation, not an open-market purchase. The transaction code is “A,” and a footnote clarifies these are restricted shares subject to multi-year vesting beginning in 2027.
What role does Michael Schmit hold at RPC Inc. (RES) in this Form 4 filing?
In this Form 4, Michael Schmit is identified as an officer of RPC Inc., serving as CFO and Corporate Secretary. The filing confirms his status as an executive but not a director or 10% owner in relation to the reported equity award.