LOR INC shifts RPC Inc ownership stake
LOR INC, a more than 10% owner of RPC Inc, reported several ownership changes in RPC common stock on February 27, 2026, all coded as “other acquisition or disposition” at no stated price.
Sentiment and the balance of points
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Rhea-AI Filing Summary
LOR INC, a more than 10% owner of RPC Inc, reported several ownership changes in RPC common stock on February 27, 2026, all coded as “other acquisition or disposition” at no stated price. One transaction adjusted direct holdings by 180565 shares, resulting in 78981820 shares held directly afterward. Another involved 15677032 shares previously held indirectly through RCTLOR, LLC, with a footnote stating these shares were distributed to the equity holders of RCTLOR, LLC on a pro rata basis for no consideration. A further 2982541-share change affected an indirect position held through RFT Investment Company, LLC, leaving 6143360 shares held indirectly through that entity after the transaction. LOR INC also disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, $.10 Par Value | 180,565 | $0.00 | $0.00 |
| Other | Common Stock, $.10 Par Value | 15,677,032 | $0.00 | $0.00 |
| Other | Common Stock, $.10 Par Value | 2,982,541 | $0.00 | $0.00 |
Footnotes (2)
- F1. These shares were distributed to the equity holders of RCTLOR, LLC on a pro rata basis, for no consideration.
- F2. The reporting person disclaims for the purpose of Section 16 of the Securities and 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.
FAQ
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What did LOR INC report in this Form 4 for RPC Inc (RES)?
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