4/A: Kodiak Gas Services Executive Corrects Stock Grant Information in Amended SEC Filing

Sentiment:

SEC Form 4/A (Amendment)


William Chad Lenamon, Executive Vice President & COO of Kodiak Gas Services, files an amendment to a previous Form 4 to correct the number of restricted stock units granted.

Worse than expectedThe document indicates a significant correction to a previously reported stock grant, reducing the number of restricted stock units granted to the executive from 400,000 to 15,918, which is worse than initially reported.

Summary

  • William Chad Lenamon, an Executive Vice President & COO at Kodiak Gas Services, Inc., filed an amended Form 4 with the SEC.
  • The amendment corrects an error in the original filing from March 12, 2024, which incorrectly reported a grant of 400,000 restricted stock units.
  • The corrected filing shows that Lenamon was actually granted 15,918 restricted stock units on March 8, 2024.
  • Lenamon also disposed of 1,200 shares of common stock held indirectly by his sons.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't inherently convey positive or negative sentiment, but the correction of the stock grant could be seen as slightly negative.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

  • Shareholders may be interested in the corrected information regarding executive compensation.
  • The correction ensures accurate information is available to investors.

Key Dates

DateDescription
03/08/2024Date of the transaction (grant of 15,918 restricted stock units).
03/12/2024Date of the original Form 4 filing which contained an error.
03/12/2024Date of the amended Form 4/A filing to correct the error.

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