Form 4: Newpark Resources CEO Matthew Lanigan Reports Stock Transactions
SEC Form 4 Filing
Matthew Lanigan, President & CEO of Newpark Resources, reports acquisition of shares through restricted stock unit conversion and disposition of shares to cover tax obligations.
Summary
- On September 1, 2024, Matthew Lanigan, the President & CEO of Newpark Resources, converted 33,333 restricted stock units into common stock.
- Lanigan also disposed of 13,116 shares of common stock at a price of $8.23 to satisfy tax withholding obligations.
- Following these transactions, Lanigan directly owns 778,816 shares of Newpark Resources common stock and 309,027 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of restricted stock units conversion and tax obligation fulfillment. |
| 09/04/2024 | Date of report signature. |
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