Form 4: NCS Multistage Holdings VP & Controller, DeWayne Williams, Reports Acquisition of Equivalent Stock Units

DeWayne Williams, VP & Controller of NCS Multistage Holdings, reports the acquisition of 7,960 equivalent stock units settling in cash, according to a Form 4 filing.

Summary

• DeWayne Williams, VP & Controller of NCS Multistage Holdings, filed a Form 4 on March 8, 2024.
• The filing reports the acquisition of 7,960 equivalent stock units on March 7, 2024.
• These units settle in cash and represent the economic equivalent of one share of common stock, with a maximum payout established by the Compensation, Nominating and Governance Committee.
• The reported transaction brings Williams' total holdings to 10,824 equivalent stock units.
• Some of the equivalent stock units vest on February 28, 2025, while others vest in two or three equal annual installments beginning on February 28, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction by a company insider.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The acquisition of equivalent stock units by a company officer may be viewed positively by stakeholders as it aligns the officer's interests with those of the shareholders.

Key Dates