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

Executive Vice President Max Bouthillette reports the vesting and settlement of restricted stock units into cash and the disposal of shares to cover the settlement.

Summary

• On February 9, 2025, Max Bouthillette, an Executive Vice President at KLX Energy Services Holdings, Inc., reported transactions involving the company's common stock.
• Bouthillette acquired 10,149 shares of common stock through the vesting of restricted stock units (RSUs), which were then settled in cash.
• Simultaneously, Bouthillette disposed of 10,149 shares at a price of $5.89 per share to cover the settlement of the RSUs.
• Following these transactions, Bouthillette directly owns 126,365 shares of KLX Energy Services Holdings, Inc.
• Additionally, Bouthillette holds 10,148 derivative securities in the form of Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and stock disposal to cover tax obligations.

Key Dates