Form 4: NCS Multistage Holdings Executive VP Ori Lev Reports Stock Transactions

Ori Lev, Executive VP, GC and Secretary of NCS Multistage Holdings, reports the vesting and settlement of equivalent stock units and the surrender of shares to cover tax obligations.

Summary

• On February 28, 2024, Ori Lev, Executive VP, GC and Secretary of NCS Multistage Holdings, engaged in transactions involving common stock and equivalent stock units.
• 2,568 equivalent stock units vested and were settled for cash.
• 2,568 shares were disposed of to cover tax obligations at a price of $14.9 per share.
• 559 shares were surrendered to satisfy tax obligations related to the vesting of restricted stock units at $14.9 per share.
• Following these transactions, Lev directly owns 5,473 shares of common stock, which includes 595 restricted stock units vesting on February 28, 2025, and 1,372 restricted stock units vesting in two equal annual installments beginning on February 28, 2025.
• Lev also owns 3,344 equivalent stock units, including 595 units vesting on February 28, 2025, and 2,749 units vesting in two equal annual installments beginning on 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 of insider activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.

Stakeholder Impact

• Shareholders are informed about insider transactions, providing transparency into executive compensation and stock ownership.
• The transactions may have a minor impact on the company's stock price due to the sale of shares for tax obligations.

Key Dates