Form 4: Kodiak Gas Services Executive Vice President & COO Reports Share Transactions
SEC Form 4 Filing
Executive Vice President & COO of Kodiak Gas Services, William Chad Lenamon, reports the disposal of 647 shares to cover tax obligations and a reduction in indirect holdings.
Summary
- William Chad Lenamon, Executive Vice President & COO of Kodiak Gas Services, filed a Form 4 indicating changes in his beneficial ownership of company stock.
- On January 5, 2025, Mr. Lenamon disposed of 647 shares of common stock at a price of $43.57 per share to cover tax obligations related to the vesting of restricted shares.
- Mr. Lenamon also reported a decrease in indirect ownership of 1,100 shares of common stock previously attributed to his son.
- Following these transactions, Mr. Lenamon directly owns 41,740 shares of Kodiak Gas Services common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It does not indicate any positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transaction is typical for executives receiving stock-based compensation, where shares are often sold to cover tax liabilities upon vesting.
- Similar filings are made by executives at companies like Kinder Morgan, Williams Companies, and Energy Transfer, all of which operate in the energy infrastructure sector.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
- The filing provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/05/2025 | Date of the stock transaction where 647 shares were disposed of to cover tax obligations. |
| 01/08/2025 | Date the Form 4 was signed by Kelly M. Battle, attorney-in-fact. |
Keywords
Kodiak Gas Services, Form 4, insider trading, beneficial ownership, stock transaction, executive compensation, tax withholding, restricted shares
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