Form 4: Director Carri A. Lockhart Acquires Shares in Innovex International, Inc.

Director Carri A. Lockhart acquired 1,809 shares of Innovex International, Inc. common stock as part of a restricted stock award.

Summary

• Carri A. Lockhart, a director at Innovex International, Inc., acquired 1,809 shares of common stock on November 18, 2024.
• The shares were granted as a restricted stock award under the company's 2017 Omnibus Incentive Plan.
• This award was in lieu of a portion of the quarterly fees for her service on the Board of Directors and its committees.
• No additional consideration was paid for the shares.
• The share price used to determine the number of shares was $14.68.
• The restricted stock award will fully vest on the first day of the second calendar year following issuance.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of a stock award to a director, which is generally neutral to positive. It indicates alignment of interests but does not represent a significant event.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The use of stock awards in lieu of fees can conserve company cash.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• Stock awards to directors are a common practice in publicly traded companies as a form of compensation and to align their interests with shareholders.
• The vesting schedule of the restricted stock is typical, with full vesting occurring in the second year after issuance.
• The use of a share price to determine the number of shares awarded is standard practice.

Stakeholder Impact

• The stock award to a director aligns their interests with shareholders.
• The use of stock awards can be seen as a positive for shareholders as it conserves company cash.

Key Dates

Keywords

Form 4, Insider Trading, Beneficial Ownership, Director, Stock Award, Restricted Stock, Innovex International, INVX