4/A: Kodiak Gas Services Executive VP Corrects Stock Grant Reporting in Amended SEC Filing
SEC Filing (Form 4/A Amendment)
An amended SEC filing reveals a correction in the reported stock grant to Kodiak Gas Services' Executive VP & CFO, John Griggs, adjusting the initial report of 500,000 restricted stock units to 19,897 units.
Summary
- John Griggs, Executive VP & CFO of Kodiak Gas Services, Inc., filed an amendment to a previous Form 4.
- The amendment corrects an error in the original filing regarding a grant of restricted stock units.
- The initial Form 4, filed on March 12, 2024, incorrectly reported a grant of 500,000 restricted stock units.
- The corrected filing states that the actual grant was for 19,897 restricted stock units on March 8, 2024.
- Following the transaction, Griggs beneficially owns 60,514 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing. While the initial error is a slight negative, the correction itself is a positive sign of transparency and adherence to regulations.
Negatives
- The initial Form 4 contained an error regarding the number of restricted stock units granted.
Industry Context
This type of filing is standard for corporate insiders and is required by the SEC to ensure transparency in stock ownership and trading activities.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of the corrected transaction: grant of 19,897 restricted stock units. |
| 03/12/2024 | Date of the original Form 4 filing which contained an error. |
| 03/12/2024 | Date of the amended Form 4/A filing to correct the error. |
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