Form 4: Core Laboratories Inc. Executive Mark Tattoli Reports Changes in Beneficial Ownership

Mark Tattoli, SVP, Gen Counsel & Secretary of Core Laboratories Inc., reports transactions involving common stock and performance shares, including vesting of performance shares based on return on invested capital.

Summary

• On December 31, 2024, Mark Tattoli, a Senior Vice President, General Counsel, and Secretary at Core Laboratories Inc., reported changes in beneficial ownership of the company's securities.
• These changes involve transactions in common stock and performance shares.
• Specifically, 5,028 shares of common stock were disposed of at a price of $17.31.
• Additionally, 9,604 performance shares vested on December 31, 2024, at a price of $0.
• These shares were awarded as restricted performance shares in February 2022 and vested because the company finished in the 52nd percentile of return on invested capital among its peer group.
• The vesting occurred at 54.6% of the target award level.
• Following these transactions, Tattoli directly owns 15,871.621 shares of common stock and indirectly owns 20 shares in a custodial account and 1,694.842 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions and performance-based compensation vesting. The vesting indicates the company achieved some level of performance, but it's not overwhelmingly positive or negative.

Positives

• The vesting of performance shares indicates that the company met certain performance criteria related to return on invested capital.

Industry Context

This filing is a routine disclosure related to insider transactions and compensation structures common in publicly traded companies. It provides transparency into executive compensation and ownership changes.

Comparison to Industry Standards

• Performance-based compensation, such as the performance shares described in the filing, is a common practice among publicly traded companies to align executive incentives with shareholder value.
• The vesting criteria based on return on invested capital is a standard metric used to measure a company's efficiency in allocating capital to profitable investments.
• Comparing Core Laboratories' performance against the Bloomberg Peer Group is a typical benchmarking approach to assess relative performance within the industry.
• Companies like Schlumberger (SLB) and Halliburton (HAL) also utilize similar performance-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may be interested in the vesting of performance shares as it reflects the company's performance against its peers.
• Employees may view the vesting as a positive sign of the company's performance and the alignment of executive incentives.

Key Dates