Form 4: NCS Multistage Holdings Executive Tim Willems Reports Stock Transactions

Chief Operations Officer Tim Willems of NCS Multistage Holdings reports the vesting and settlement of equivalent stock units and shares surrendered for tax obligations.

Summary

• On February 28, 2024, Tim Willems, Chief Operations Officer of NCS Multistage Holdings, reported transactions involving the company's common stock and equivalent stock units.
• Willems acquired 3,114 shares through the vesting of equivalent stock units, which were then settled for cash.
• He also disposed of 3,114 shares to cover tax obligations related to the vesting of these units at a price of $14.9 per share.
• Additionally, 651 shares were surrendered to satisfy tax obligations related to the vesting of restricted stock units at $14.9 per share.
• Following these transactions, Willems directly owns 20,194 shares of common stock, which includes 759 restricted stock units vesting on February 28, 2025, and 1,837 restricted stock units vesting in two equal annual installments beginning on February 28, 2025.
• He also holds 4,438 equivalent stock units, including 759 units vesting on February 28, 2025, and 3,679 units vesting in two equal annual installments beginning on February 28, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It is neutral in tone and does not indicate any positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive, but the overall impact is likely minimal.

Key Dates