Form 4: Nine Energy Service Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
S. Brett Luz, Senior Vice President and Chief Accounting Officer of Nine Energy Service, Inc., sold 1,645 shares of common stock to cover tax obligations related to vesting of restricted stock.
Summary
- On May 3, 2025, S. Brett Luz, a Senior Vice President and Chief Accounting Officer at Nine Energy Service, Inc., sold 1,645 shares of the company's common stock.
- The sale was executed at a price of $0.829 per share.
- This transaction was a non-discretionary sale to satisfy tax withholding obligations related to the vesting of a time-based restricted stock award granted on May 3, 2022.
- Following the transaction, Luz directly owns 97,624 shares of Nine Energy Service, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to insider stock ownership and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of the time-based restricted stock award grant. |
| 05/03/2025 | Date of the stock sale transaction. |
| 05/06/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Nine Energy Service, NINE, Insider Trading, Stock Sale, Tax Obligations, Restricted Stock, S. Brett Luz, Officer
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