Form 4: Natural Gas Services Group Executive James R. Hazlett Reports Stock Transaction

James R. Hazlett, Chief Technical Officer of Natural Gas Services Group, reports the disposition of 1,568 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 1, 2024, James R. Hazlett, Chief Technical Officer of Natural Gas Services Group Inc. (NGS), disposed of 1,568 shares of common stock.
• The disposition was to cover tax obligations related to vesting restricted stock units.
• The price per share was $22.44.
• Following the transaction, Hazlett directly owns 108,844 shares of common stock and indirectly owns 19,000 shares through a Rabbi Trust.
• Hazlett also holds 21,984 Restricted Stock Units (RSUs), each representing the right to receive one share of NGS common stock upon vesting.
• The RSUs vest in equal one-third installments beginning on the first anniversary of the grant date, contingent upon continuous service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates