Form 4: Director Terence Jupp Acquires Shares in Innovex International Through Restricted Stock Award

Director Terence Jupp acquired 2,013 shares of Innovex International common stock through a restricted stock award in lieu of quarterly fees.

Summary

• Terence Jupp, a director at Innovex International, acquired 2,013 shares of common stock on January 1, 2025.
• 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 his 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 $13.97.
• 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 regulatory filing related to director compensation. It is neither particularly positive nor negative, but indicates normal business operations and alignment of interests.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The use of restricted stock awards can incentivize long-term commitment from board members.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders such as directors acquire or dispose of company stock. It is a routine disclosure required by regulations.

Comparison to Industry Standards

• The use of restricted stock awards as part of director compensation is a common practice among publicly traded companies.
• The vesting schedule of the award, vesting on the first day of the second calendar year following issuance, is a typical vesting period for such awards.
• Companies like Halliburton and Schlumberger also use similar equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates

Keywords

Form 4, Innovex International, Terence Jupp, restricted stock award, director, share acquisition, insider trading, equity compensation