Form 4: Core Laboratories Inc. Executive Exercises Stock Options and Disposes of Shares to Cover Tax Obligations

Mark Damian Tattoli, SVP, Gen Counsel & Secretary of Core Laboratories Inc., reports transactions involving common stock, including the exercise of restricted shares and subsequent disposal to cover tax obligations.

Summary

• On August 1, 2024, Mark Damian Tattoli, a senior executive at Core Laboratories Inc., engaged in transactions involving the company's common stock.
• Tattoli exercised 250 restricted shares and 120 restricted shares.
• Simultaneously, Tattoli disposed of 99 shares at $23.24 and 48 shares at $23.24 to cover tax obligations related to the vesting of restricted shares.
• Following these transactions, Tattoli directly owns 10,768.621 shares of common stock and indirectly owns 1,694.842 shares through a 401(k) plan and 20 shares through a custodial account.
• Tattoli also holds 3,800 restricted shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Companies like Schlumberger (SLB) and Halliburton (HAL) also have executives who regularly file Form 4s to report similar transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small number of shares involved.
• The filing ensures transparency and compliance with regulations, which benefits stakeholders.

Key Dates