Form 4: KLX Energy Services Executive Max Bouthillette Reports Stock Transactions

Executive Vice President, General Counsel and Chief Compliance Officer of KLX Energy Services Holdings, Inc., Max Bouthillette, reports acquisition and disposal of common stock.

Summary

• On February 1, 2025, Max Bouthillette, an executive at KLX Energy Services Holdings, Inc., reported a transaction involving the company's common stock.
• Bouthillette disposed of 18,171 shares to cover tax liabilities at a price of $5.29 per share.
• He also acquired 56,584 shares of restricted stock with vesting occurring in three equal annual installments starting one year from the grant date.
• Following these transactions, Bouthillette beneficially owns 126,365 shares of KLX Energy Services Holdings, Inc.
• The grant of restricted stock is subject to vesting in three annual equal installments beginning one year from the date of grant.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing represents routine transactions related to executive compensation and tax obligations. The acquisition of restricted stock is a slightly positive signal.

Positives

• The acquisition of 56,584 restricted shares indicates confidence in the company's future performance.

Future Outlook

The restricted stock vests in three annual equal installments beginning one year from the date of grant.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates