Form 4: Newpark Resources Executive Piontek Reports Stock Transactions

Gregg Piontek, Senior Vice President and CFO of Newpark Resources, reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• On June 1, 2024, Gregg Piontek, Senior Vice President and CFO of Newpark Resources, engaged in transactions involving restricted stock units converting into common stock.
• These transactions included the vesting of 51,181, 43,790, and 40,380 restricted stock units, which converted into an equal number of common stock shares.
• A portion of the shares were withheld to satisfy tax obligations, specifically 15,889 shares at $8.48, 17,231 shares at $8.48, and 20,139 shares at $8.48.
• Following these transactions, Piontek directly owns 791,530 shares of common stock and indirectly owns 65,000 shares through an IRA.
• Piontek also holds 124,548, 164,928 and 208,718 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units vest in increments of one-third of the shares on June 1 of each subsequent year after grant.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
• The transactions have a minor dilutive effect due to the issuance of new shares upon vesting, offset by the shares withheld for tax obligations.

Key Dates