Form 4: Newpark Resources VP Lori Briggs Reports Stock Transactions
SEC Form 4 Filing
Lori Briggs, VP & President of Industrial Solutions at Newpark Resources, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On September 1, 2024, Lori Briggs, VP & President of Industrial Solutions at Newpark Resources, reported transactions involving Newpark Resources common stock.
- 16,666 restricted stock units vested and converted into common stock on a one-for-one basis.
- 6,558 shares were withheld to satisfy tax obligations at a price of $8.23 per share.
- Following these transactions, Briggs directly owns 201,296 shares of common stock and 75,076 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, required by the SEC, and provides transparency regarding the holdings of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of restricted stock units vesting and tax withholding. |
| 09/04/2024 | Date of Form 4 signature. |
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