Form 4: Newpark Resources SVP and CFO Gregg Piontek Reports Acquisition of Restricted Stock Units

Gregg Piontek, Senior Vice President and CFO of Newpark Resources, reports the acquisition of 68,308 restricted stock units on May 15, 2024.

Summary

• On May 15, 2024, Gregg Piontek, the Senior Vice President and CFO of Newpark Resources Inc., acquired 68,308 shares of common stock in the form of restricted stock units.
• The restricted stock units were acquired at a price of $0.00.
• Following the transaction, Piontek directly owns 709,438 shares of common stock.
• Piontek also indirectly owns 65,000 shares through an IRA.
• The restricted stock units vest in increments of one-third of the shares on June 1 of each subsequent year after the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock units being granted, which is neither overtly positive nor negative.

Positives

• The acquisition of restricted stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock units suggests a multi-year commitment from the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions. They are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

• Shareholders may view the acquisition of restricted stock units by the CFO as a positive sign, aligning management's interests with those of the shareholders.

Key Dates