Form 4: NV5 CEO Converts Shares in Acuren Merger
Insider Transaction Report
NV5 Global CEO Benjamin Heraud disposed of 171,154 shares of common stock as part of the company's merger with Acuren Corporation, receiving Acuren stock and cash.
Summary
- Benjamin Heraud, CEO of NV5 Global, Inc., reported the disposition of 171,154 shares of NV5 common stock.
- This transaction occurred on August 4, 2025, as a result of the merger between NV5 Global, Inc. and Acuren Corporation.
- Each outstanding share of NV5 common stock was converted into the right to receive 1.1523 shares of Acuren common stock and $10.00 in cash.
- Additionally, any outstanding restricted stock awards held by Mr. Heraud vested fully immediately prior to the merger's effective time and were converted into the same merger consideration, less applicable tax withholdings.
- Following this transaction, Mr. Heraud beneficially owns 0 shares of NV5 Global, Inc. common stock.
Sentiment
Score: 7
Explanation: The filing reports the completion of a pre-announced merger transaction, resulting in the CEO receiving the agreed-upon merger consideration and the vesting of restricted stock, which is a positive outcome for the individual.
Positives
- Outstanding restricted stock awards held by the Reporting Person vested in full immediately prior to the merger.
- The Reporting Person received merger consideration consisting of 1.1523 shares of Acuren common stock and $10.00 in cash for each NV5 share, including vested restricted stock.
Negatives
- The Reporting Person no longer directly holds common stock in NV5 Global, Inc. following the merger.
Future Outlook
Not applicable, as this Form 4 reports a completed transaction.
Industry Context
The filing indicates a significant M&A event within the engineering and consulting services sector, where NV5 Global operates. Such mergers often aim to expand service offerings, geographic reach, or market share.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| CEO | NA | Benjamin Heraud | NA | Benjamin Heraud is identified as the CEO, but no change in his role is reported in this filing. |
Stakeholder Impact
- Shareholders of NV5 Global, Inc. received the merger consideration (Acuren common stock and cash) for their shares.
- Employees holding restricted stock awards, like the Reporting Person, saw their awards vest and convert into the merger consideration.
Key Dates
| Date | Description |
|---|---|
| May 14, 2025 | Date of the Agreement and Plan of Merger. |
| August 4, 2025 | Date of earliest transaction, when NV5 common stock was converted as part of the merger. |
| August 6, 2025 | Date the Form 4 was signed. |
Keywords
NV5 Global, NVEE, Acuren Corporation, Merger, Stock Conversion, Insider Trading, Form 4, Benjamin Heraud, CEO, Restricted Stock, Equity Compensation
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