Form 4: Kodiak Gas Services COO Sells Shares for Tax Obligations
Insider Transaction Report
Kodiak Gas Services' Executive Vice President & COO, William Chad Lenamon, disposed of 647 common shares to cover tax withholding obligations related to restricted stock vesting.
Summary
- William Chad Lenamon, Executive Vice President & COO of Kodiak Gas Services, Inc. (KGS), reported a transaction on January 5, 2026.
- The transaction involved the disposition of 647 shares of common stock.
- These shares were withheld by the issuer to satisfy tax withholding obligations associated with the vesting of restricted shares.
- The price per share for the disposed securities was $36.54.
- Following this transaction, William Chad Lenamon beneficially owns 55,657 shares of common stock directly.
- A Power of Attorney was granted on January 5, 2026, to Denise Marie Kirby and Jennifer LeGrand Howard for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The filing details a routine insider transaction for tax purposes, which is a neutral event regarding the company's operational performance or future prospects.
Positives
- The transaction represents a routine and expected part of executive compensation, indicating proper compliance with tax obligations upon restricted stock vesting.
Negatives
- A reduction of 647 shares in direct beneficial ownership by a key executive due to tax withholding.
Risks
- NA
Future Outlook
NA
Management Comments
- Issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares.
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Executive Vice President & COO | NA | William Chad Lenamon | NA | Confirmation of existing role, no change reported. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | William Chad Lenamon granted Power of Attorney to Denise Marie Kirby and Jennifer LeGrand Howard to execute and file Forms 3, 4, and 5 on his behalf for Section 16 reporting obligations. | January 5, 2026 | Streamlines compliance with SEC Section 16 reporting requirements for the Executive Vice President & COO, ensuring timely and accurate filings. |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, expected tax-related transaction for executive compensation and does not reflect a change in company fundamentals or strategy.
- No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 01/05/2026 | Date of earliest transaction and effective date of Power of Attorney for Section 16 reporting. |
| 01/07/2026 | Signature date of the reporting person's attorney-in-fact for the Form 4 filing. |
Recommendation
holdThis Form 4 filing details a routine, tax-related disposition of shares by an executive upon the vesting of restricted stock. Such transactions are common and do not reflect a change in the company's fundamental performance or the executive's confidence in the company. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position for existing investors.
Keywords
Kodiak Gas Services, KGS, Form 4, Insider Transaction, Executive Compensation, Tax Withholding, Restricted Stock, Beneficial Ownership
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