RCTLOR, LLC shifts RPC INC (RES) stake via 15,677,032-share distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RPC INC large shareholder RCTLOR, LLC reported an "other" stock transaction involving its RPC common shares. On this date, 15,677,032 shares of RPC common stock were distributed to the equity holders of RCTLOR, LLC on a pro rata basis for no cash consideration, leaving RCTLOR, LLC with no shares directly owned after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RCTLOR, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, $.10 Par Value | 15,677,032 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $.10 Par Value — 0 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did RCTLOR, LLC report for RPC INC (RES)?
RCTLOR, LLC reported an "other" transaction involving 15,677,032 RPC INC common shares. These shares were distributed to its equity holders on a pro rata basis, for no cash consideration, and RCTLOR, LLC held no RPC shares directly after the transaction.
What does “distributed to equity holders for no consideration” mean for RPC INC (RES)?
It means 15,677,032 RPC INC shares previously held by RCTLOR, LLC were allocated among its equity holders without any payment. This reallocated ownership away from RCTLOR, LLC itself, which then directly owned no RPC shares after the transaction.