Form 4: NCS Multistage Holdings CFO Michael Morrison Reports Acquisition of Equivalent Stock Units
SEC Form 4 Filing
Michael Morrison, CFO & Treasurer of NCS Multistage Holdings, reports the acquisition of 11,696 equivalent stock units on March 7, 2024.
Summary
- On March 7, 2024, Michael L Morrison, CFO & Treasurer of NCS Multistage Holdings, acquired 11,696 equivalent stock units.
- These units settle in cash and represent the economic equivalent of one share of common stock, subject to a maximum payout.
- Following the transaction, Morrison directly owns 15,452 equivalent stock units.
- 3,756 of the acquired units vest in two equal annual installments beginning November 1, 2024.
- The remaining 11,696 units vest in three equal annual installments beginning February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The transaction could have a minor impact on shareholders by increasing the number of equivalent stock units outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction: Acquisition of equivalent stock units |
| 03/08/2024 | Date of report filing |
| 11/01/2024 | First vesting date for 3,756 equivalent stock units |
| 02/28/2025 | First vesting date for 11,696 equivalent stock units |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.