Form 4: Nine Energy Service COO Receives Equity Grant

Executive Vice President and COO David Crombie acquired 136,111 restricted stock units in Nine Energy Service, Inc.

Summary

• David Crombie, Executive Vice President and Chief Operating Officer of Nine Energy Service, Inc., was granted 136,111 restricted stock units (RSUs).
• The transaction occurred on May 18, 2026, at a price of $0.00 per share.
• The RSUs are subject to a time-based vesting schedule, with equal installments vesting annually over three years, contingent upon continued employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative and compensation-related filing with no immediate impact on the company's operational outlook.

Positives

• Alignment of executive interests with shareholders through equity-based compensation.
• Retention mechanism established via a three-year vesting schedule for the COO.

Negatives

• Potential for future shareholder dilution upon the vesting and settlement of these restricted stock units.

Risks

• Vesting is contingent upon continued employment, creating potential turnover risk if the executive departs before the full three-year period.

Future Outlook

The RSUs will vest in three equal annual installments, provided the reporting person remains employed by the company.

Management Comments

• The filing includes a correction note stating that a previous filing on 3/6/2026 incorrectly indicated the reporting person was no longer subject to Section 16 reporting requirements.

Industry Context

StockSavvy.ai notes that equity grants to C-suite executives in the energy services sector are standard practice for long-term incentive alignment, particularly as companies navigate volatile commodity price environments.

Comparison to Industry Standards

• The use of time-based restricted stock units is consistent with standard executive compensation packages for mid-cap energy service firms.
• The three-year vesting schedule aligns with industry norms for retention-focused equity awards.

Corporate Governance

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual vesting and issuance of the underlying common stock.

Next Steps

• Vesting of the first installment of the 136,111 RSUs on the first anniversary of the vesting commencement date.

Key Dates

Keywords

Nine Energy Service, NINE, Form 4, Insider Trading, Equity Compensation, COO