Form 4: Flotek Industries CEO Ezell Ryan Gillis Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Flotek Industries CEO Ezell Ryan Gillis disposed of 1,429 common shares on March 8, 2024, to satisfy tax obligations.
Summary
- On March 8, 2024, Ezell Ryan Gillis, CEO of Flotek Industries, disposed of 1,429 common shares.
- The transaction was executed at a price of $2.79 per share.
- Following the transaction, Gillis directly owns 104,444 common shares of Flotek Industries.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is a common occurrence where shares are disposed of to cover tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: CEO Ezell Ryan Gillis disposed of 1,429 common shares. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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