Form 4: Nine Energy Service Executive Receives Stock Grant
Statement of Changes in Beneficial Ownership
S. Brett Luz, Senior Vice President and Chief Accounting Officer of Nine Energy Service, Inc., was granted 38,889 restricted stock units.
Summary
- S. Brett Luz, Senior Vice President and Chief Accounting Officer, acquired 38,889 shares of common stock via 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 three-year vesting schedule, with equal installments vesting annually, contingent upon continued employment.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral for the stock price.
Positives
- Alignment of executive interests with shareholders through equity-based compensation.
Negatives
- Administrative error noted in a previous filing (March 6, 2026) regarding Section 16 reporting status.
Risks
- Vesting is subject to continued employment, creating potential retention risk if the executive departs.
Future Outlook
The RSUs will vest in three equal annual installments starting on the first anniversary of the vesting commencement date, provided the executive remains employed by the company.
Industry Context
StockSavvy.ai notes that equity grants for C-suite executives in the energy services sector are standard practice for long-term incentive alignment, particularly for roles like Chief Accounting Officer.
Comparison to Industry Standards
- The use of time-based vesting for executive compensation is consistent with standard corporate governance practices in the U.S. energy sector.
- The grant size is typical for a mid-cap energy service company executive compensation package.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Correction of Filing Error | Correction of an inadvertent check box mark in the March 6, 2026 filing that incorrectly indicated the reporting person was no longer subject to Section 16. | 05/20/2026 | Minimal; corrects the public record regarding regulatory reporting obligations. |
Stakeholder Impact
- Shareholders: Minor dilution impact upon eventual vesting and issuance of shares.
Next Steps
- Vesting of the first installment of the 38,889 RSUs on the first anniversary of the vesting commencement date.
Key Dates
| Date | Description |
|---|---|
| 05/18/2026 | Date of the RSU grant transaction. |
| 05/20/2026 | Date of filing the Form 4. |
Keywords
Nine Energy Service, NINE, Form 4, Insider Trading, Restricted Stock Units, Executive Compensation
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