Form 4: NCS Multistage Holdings CFO Michael Morrison Reports Stock Transactions

Michael Morrison, CFO & Treasurer of NCS Multistage Holdings, reports transactions involving common stock and equivalent stock units, including vesting and tax obligation fulfillment.

Summary

• On November 1, 2024, Michael Morrison, CFO & Treasurer of NCS Multistage Holdings, engaged in transactions involving the company's common stock and equivalent stock units.
• 1,879 equivalent stock units vested and were settled for cash.
• 1,879 shares were disposed of to cover tax obligations at a price of $18.54.
• 458 shares were surrendered to satisfy tax obligations related to the vesting of restricted stock units at a price of $18.54.
• Following these transactions, Morrison directly owns 4,719 shares of common stock, which includes 1,877 restricted stock units vesting on November 1, 2025.
• Morrison also holds 13,573 equivalent stock units, including 1,877 units vesting on November 1, 2025, and 11,696 units vesting in three equal annual installments beginning February 28, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.

Future Outlook

The document indicates future vesting dates for restricted stock units and equivalent stock units in November 2025 and annual installments beginning in February 2025.

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.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Executive compensation packages often include stock and equity-based awards, aligning management's interests with those of shareholders.
• The vesting schedules and tax obligation fulfillment methods are typical components of such compensation plans.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into insider activity.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates