Form 4: KLX Energy Services Holdings Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Geoffrey C. Stanford, a Senior Vice President and Chief Accounting Officer at KLX Energy Services Holdings, Inc., disposed of shares to cover tax liabilities related to vesting awards.
Summary
- On March 1, 2025, Geoffrey C. Stanford, a Senior Vice President and Chief Accounting Officer at KLX Energy Services Holdings, Inc., disposed of 3,214 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of previously issued awards.
- The shares were withheld by the company at a price of $4.67 per share.
- Following the transaction, Stanford directly owns 35,172 shares of KLX Energy Services Holdings, Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax purposes) by a company officer, which is neither particularly positive nor negative from an investment perspective.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for share disposals by company officers.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Disposal of shares to cover tax liabilities. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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