Form 4: ChampionX Director Acquires 4,135 Deferred Stock Units

Mamatha Chamarthi, a director at ChampionX Corp, acquired 4,135 deferred stock units (DSUs) on November 15, 2024.

Summary

• Mamatha Chamarthi, a director of ChampionX Corp, acquired 4,135 deferred stock units (DSUs) on November 15, 2024.
• These DSUs represent the right to receive one share of ChampionX common stock upon settlement.
• Settlement of the DSUs will occur upon a change in ownership or control of ChampionX, or upon the director's separation from service.
• The DSUs were granted as compensatory awards and did not require any cash consideration.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving compensation in the form of deferred stock units. It is a positive sign of alignment between management and shareholders, but not a major event.

Positives

• The acquisition of DSUs by a director indicates confidence in the company's future performance.
• The DSUs are a form of compensation, aligning the director's interests with those of the shareholders.

Future Outlook

The DSUs will be settled upon a change in ownership or control of ChampionX or upon the director's separation from service.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company securities. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The use of deferred stock units as compensation is a common practice among publicly traded companies to align the interests of directors and executives with those of shareholders.
• Similar filings are regularly made by directors and officers of other companies in the oil and gas services sector, such as Halliburton and Schlumberger, when they receive equity-based compensation.

Stakeholder Impact

• The acquisition of DSUs by a director can be seen as a positive signal to shareholders, indicating confidence in the company's future.

Key Dates

Keywords

ChampionX, Deferred Stock Units, DSUs, Director, Insider Trading, Compensation, Equity