Form 4: Director Darryl Willis Receives Nine Energy Stock Grant
Statement of Changes in Beneficial Ownership
Nine Energy Service, Inc. director Darryl Keith Willis was granted 27,778 restricted stock units as part of his compensation.
Summary
- Director Darryl Keith Willis acquired 27,778 shares of Nine Energy Service, Inc. (NINE) common stock.
- The transaction occurred on May 18, 2026, at a price of $0.00 per share.
- The shares represent time-based restricted stock units (RSUs).
- The units are scheduled to vest on June 30, 2027, contingent upon continued service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Vesting is subject to continued service as a director.
- Potential for accelerated vesting if the director is not re-elected at the next annual meeting.
Future Outlook
The restricted stock units are expected to vest on June 30, 2027, provided the director remains in service, or earlier if the director is not re-elected at the next annual meeting.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practice in the energy services sector to ensure long-term alignment between leadership and shareholder value.
Comparison to Industry Standards
- The use of time-based restricted stock units for non-employee directors is consistent with standard compensation practices for publicly traded energy service companies.
- The vesting schedule and acceleration clauses are typical for board-level equity incentive plans.
Stakeholder Impact
- Shareholders benefit from director alignment through equity ownership.
Next Steps
- Vesting of restricted stock units on June 30, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/18/2026 | Date of the transaction involving the acquisition of restricted stock units. |
| 05/20/2026 | Date the Form 4 was signed and filed. |
| 06/30/2027 | Scheduled vesting date for the restricted stock units. |
Keywords
Nine Energy Service, NINE, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.