Form 4: DNOW Inc. Executive Mark B. Johnson Reports Stock Transactions

Mark B. Johnson, a Senior Vice President and CFO at DNOW Inc., reported the acquisition and disposal of common stock on May 14, 2024, including exercising stock options and selling shares.

Summary

• On May 14, 2024, Mark B. Johnson, Senior Vice President and CFO of DNOW Inc., engaged in transactions involving the company's common stock.
• Johnson exercised non-qualified stock options to acquire 47,015 shares at a price of $9.90 per share.
• Simultaneously, Johnson disposed of 47,015 shares at a price of $13.50 per share.
• Following these transactions, Johnson directly owns 180,393 shares of DNOW Inc. common stock.
• The transactions were reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency to investors regarding the buying and selling of company stock by its leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares and potentially affecting the stock price, although the volume is relatively small.

Key Dates