Form 4: Newpark Resources Executive Douglas L. White Reports Stock Transactions
SEC Form 4
Douglas L. White, VP, CAO & Treasurer of Newpark Resources, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership.
Summary
- On June 1, 2024, Douglas L. White, VP, CAO & Treasurer of Newpark Resources, executed transactions involving restricted stock units converting into common stock.
- A total of 50,666 restricted stock units vested and converted into common stock.
- Shares were withheld to satisfy tax obligations upon the vesting of these units.
- The transactions resulted in a change in Mr. White's directly held common stock, with the final holding being 256,765 shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent routine vesting and tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of earliest transaction: vesting of restricted stock units and tax withholding. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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