Form 4: NCS Multistage Holdings CFO Michael Morrison Reports Stock Transactions
SEC Form 4 Filing
CFO Michael Morrison reports the vesting and settlement of equivalent stock units and the acquisition of additional restricted stock units.
Summary
- Michael Morrison, CFO & Treasurer of NCS Multistage Holdings, Inc., reported transactions involving the company's common stock and equivalent stock units.
- On February 28, 2025, Morrison acquired 3,899 shares through the vesting of equivalent stock units, which were then settled for cash.
- Also on February 28, 2025, 3,899 shares were disposed of at a price of $26.93.
- On March 4, 2025, Morrison acquired 3,218 shares of common stock and 3,218 equivalent stock units.
- Following these transactions, Morrison directly owns 7,937 shares of common stock and 12,892 equivalent stock units.
- The equivalent stock units settle in cash and represent the economic equivalent of one share of common stock, subject to a maximum payout established by the Compensation, Nominating and Governance Committee.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate 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 trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Vesting and settlement of equivalent stock units; disposal of shares. |
| 03/04/2025 | Acquisition of common stock and equivalent stock units. |
| 11/01/2025 | Vesting date for 1,877 restricted stock units and equivalent stock units. |
| 02/28/2026 | First annual installment vesting date for certain restricted stock units and equivalent stock units. |
Keywords
NCS Multistage Holdings, Michael Morrison, CFO, stock units, Form 4, insider trading, equity, vesting, settlement
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