Form 4: DNOW Inc. Executive Mark B. Johnson Reports Changes in Beneficial Ownership

Mark B. Johnson, a Senior Vice President and CFO at DNOW Inc., reported changes in beneficial ownership of the company's common stock due to tax withholding and the vesting of performance shares.

Summary

• On February 22, 2025, Mark B. Johnson, Senior Vice President and CFO of DNOW Inc., filed a Form 4 to report changes in his beneficial ownership of DNOW common stock.
• 16,246 shares were withheld to cover tax liabilities at a price of $17.43.
• Johnson acquired 50,354 shares due to the satisfaction of performance criteria, received at no cost.
• An additional 19,816 shares were withheld to cover tax liabilities related to the vesting of performance award shares, also at $17.43.
• Following these transactions, Johnson directly owns 194,685 shares of DNOW Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions are related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• The acquisition of 50,354 shares due to the satisfaction of performance criteria suggests that the company is meeting its performance goals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership by a company executive.

Key Dates