4/A: Innovex Officer Corrects Tax Withholding Shares
Insider Transaction Amendment
Innovex International's President of North America, Mark Reddout, filed an amended Form 4 to correct the number of shares withheld for tax obligations.
Summary
- Mark Reddout, President of North America for Innovex International, Inc. (INVX), filed an amended Form 4.
- The amendment corrects the number of shares withheld to satisfy tax withholding obligations related to the release of restricted stock units.
- The original Form 4, filed on September 10, 2025, incorrectly reported 3,033 shares withheld.
- The correct amount of shares withheld for tax obligations is 4,900.
- The shares were withheld at a price of $16.82 per share.
- Following this reported transaction, Mark Reddout beneficially owns 149,412 shares of Common Stock directly.
Sentiment
Score: 5
Explanation: The filing is an administrative correction of an insider transaction, which has no material impact on the company's operational or financial performance, thus indicating a neutral sentiment.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Management Comments
- The Form 4, as originally filed, incorrectly reported an amount of 3,033 shares withheld to satisfy tax withholding obligations. The correct amount of shares withheld to satisfy tax withholding obligations is 4,900.
Industry Context
This administrative filing is specific to an insider's transaction and does not provide information relevant to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides accurate disclosure of an insider's shareholdings and transactions, ensuring transparency.
- Regulatory Authorities: Ensures compliance with Section 16(a) of the Securities Exchange Act of 1934 by correcting previously filed information.
Key Dates
| Date | Description |
|---|---|
| 09/08/2025 | Date of earliest transaction (shares withheld for tax obligations) |
| 09/10/2025 | Date original Form 4 was filed |
| 09/29/2025 | Date of amendment filing (signature date) |
Keywords
Innovex International, INVX, Form 4/A, Insider Transaction, Share Withholding, Tax Obligations, Mark Reddout, SEC Filing
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