Form 4: Innovex International Director Benjamin Fink Acquires Shares Through Restricted Stock Award

Director Benjamin Fink of Innovex International acquired 2,125 shares of common stock through a restricted stock award in lieu of quarterly fees.

Summary

• Benjamin Fink, a director at Innovex International, acquired 2,125 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 payment was made 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.
• Following the transaction, Mr. Fink directly owns 4,147 shares of Innovex International common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving a stock award, which is generally positive for alignment of interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The use of restricted stock awards as compensation can incentivize long-term performance.

Industry Context

The use of stock-based compensation is a common practice for public companies to align the interests of directors and management with those of shareholders.

Comparison to Industry Standards

• Many companies use restricted stock awards as part of their compensation packages for directors and executives.
• The vesting schedule of the award, which is on the first day of the second calendar year following issuance, is a fairly standard practice.
• The use of a share price to determine the number of shares is a common method for calculating equity-based compensation.

Stakeholder Impact

• The transaction is likely to be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Award, Director, Innovex International, Share Acquisition, Equity Compensation