Form 4: Nine Energy Service Director Scott Schwinger Acquires Shares of Restricted Stock

Director Scott Schwinger acquired 48,077 shares of restricted stock in Nine Energy Service, Inc. on May 7, 2024.

Summary

• On May 7, 2024, Scott Schwinger, a director of Nine Energy Service, Inc., acquired 48,077 shares of common stock.
• These shares were acquired as restricted stock at a price of $0.00 per share.
• The restricted stock will vest on May 7, 2025, which is the first anniversary of the grant date.
• Following the transaction, Schwinger's total beneficial ownership in Nine Energy Service, Inc. is 97,107 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a transaction. The acquisition of shares by a director is generally viewed as a positive sign, but without additional context, the impact is limited.

Positives

• The acquisition of restricted stock by a director could signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.

Stakeholder Impact

• The acquisition of shares by a director may positively influence shareholder sentiment.

Key Dates