Form 4: Kodiak Gas Services Executive VP & CFO Sells Shares to Cover Tax Obligations

Kodiak Gas Services' Executive VP & CFO, John Griggs, disposed of 808 shares of common stock to cover tax obligations related to vesting restricted shares.

Summary

• John Griggs, Executive VP & CFO of Kodiak Gas Services, sold 808 shares of common stock on January 5, 2025.
• The shares were sold at a price of $43.57 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of restricted shares.
• Following the transaction, Mr. Griggs beneficially owns 57,372 shares of Kodiak Gas Services stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Management Comments

• The issuer withheld shares to satisfy the tax withholding obligations associated with the vesting of restricted shares.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock as part of their compensation.
• Executives often sell a portion of their vested shares to cover tax liabilities, which is a standard practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Kodiak Gas Services, John Griggs, Executive VP, CFO, stock sale, tax obligations, restricted shares, Form 4, insider trading