Form 4: DNOW Inc. Executive Fanny R. Surratt Reports Stock Transactions

Fanny R. Surratt, a Vice President at DNOW Inc., reports the acquisition and disposal of company stock related to performance share vesting and tax withholding.

Summary

• On February 22, 2025, Fanny R. Surratt, a Vice President at DNOW Inc., reported transactions involving DNOW common stock.
• 3,853 shares were withheld to cover tax liabilities at a price of $17.43 per share.
• Surratt acquired 17,982 shares upon the satisfaction of performance criteria with no consideration.
• An additional 7,078 shares were withheld to cover tax liabilities related to the performance award shares at a price of $17.43 per share.
• Following these transactions, Surratt directly owns 50,699 shares of DNOW Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to stock vesting and tax obligations. The vesting of performance shares is a slightly positive indicator.

Positives

• The vesting of performance shares suggests that performance criteria were met, which could be viewed positively.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Schlumberger (SLB), Halliburton (HAL), and Baker Hughes (BKR) to report changes in their beneficial ownership of company stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates