Form 4: KLX Energy Services Holdings Officer Sells Shares to Cover Tax Obligations

Geoffrey C. Stanford, a Senior Vice President and Chief Accounting Officer at KLX Energy Services Holdings, sold 1,186 shares of common stock on March 1, 2024, to cover tax liabilities related to vesting awards.

Summary

• On March 1, 2024, Geoffrey C. Stanford, a Senior Vice President and Chief Accounting Officer at KLX Energy Services Holdings, executed a transaction involving the company's common stock.
• The transaction involved the disposal of 1,186 shares to cover tax liabilities.
• The shares were sold at a price of $8.28 per share.
• Following the transaction, Stanford directly owns 23,267 shares of KLX Energy Services Holdings.
• The sale was conducted to satisfy tax obligations related to the vesting of previously issued awards under Rule 16b-3.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and has a neutral sentiment. It doesn't indicate any particular positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the US stock market, and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates that an officer of KLX Energy Services Holdings sold shares to cover tax obligations, which is a common practice.

Key Dates