Form 4: Nine Energy Service Officer Reports Stock Sale to Cover Tax Obligations and Acquisition of Restricted Stock

Luz S. Brett, Senior Vice President and Chief Accounting Officer of Nine Energy Service, Inc., sold shares to cover tax obligations and acquired restricted stock.

Summary

• On May 7, 2025, Luz S. Brett, a Senior Vice President and Chief Accounting Officer at Nine Energy Service, Inc., sold 2,609 shares of common stock at $0.649 per share to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 7, 2024.
• Following this transaction, Brett directly owned 95,015 shares of Nine Energy Service, Inc.
• On May 8, 2025, Brett acquired 15,000 shares of restricted stock.
• These restricted shares will vest in three equal annual installments starting on May 7, 2025.
• After the acquisition of restricted stock, Brett directly owns 110,015 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The sale of shares to cover taxes is a normal occurrence.

Positives

• The acquisition of 15,000 restricted shares indicates continued alignment of the officer's interests with the company's long-term performance.

Future Outlook

The restricted stock will vest in three equal annual installments on the first three anniversaries of the grant date (May 7, 2024).

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the energy service industry.

Comparison to Industry Standards

• Executive compensation packages including restricted stock are common in the energy service industry to align management interests with shareholder value.
• Companies like Halliburton, Schlumberger, and Baker Hughes also utilize stock-based compensation as part of their executive pay structures.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Form 4, Nine Energy Service, Stock Sale, Restricted Stock, Beneficial Ownership, Luz S. Brett, Tax Obligations