Form 4: KLX Energy Services Holdings Director Christopher J. Baker Reports Changes in Beneficial Ownership

Christopher J. Baker, a director and officer of KLX Energy Services Holdings, reported changes in beneficial ownership of common stock due to tax liability fulfillment and a grant of restricted stock.

Summary

• On February 1, 2025, Christopher J. Baker, a Director, President, and CEO of KLX Energy Services Holdings, reported changes in his beneficial ownership of the company's common stock.
• 44,143 shares were withheld by the company to cover tax liabilities related to the vesting of previously issued awards at a price of $5.29 per share.
• Baker was also granted 144,033 shares of restricted stock, which will vest in three equal annual installments starting one year from the grant date.
• Following these transactions, Baker directly owns 350,348 shares of KLX Energy Services Holdings common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of restricted stock to a key executive like Christopher J. Baker could be seen as an incentive to align his interests with the long-term success of the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at KLX Energy Services Holdings.

Stakeholder Impact

• Shareholders are informed about changes in the holdings of a key executive, which can influence investor sentiment.

Key Dates