Form 4: Oil States International Director Acquires Shares as Part of Equity Compensation Plan

Robert L. Potter, a director at Oil States International, acquired 2,717 shares of common stock on September 30, 2024, as part of the company's equity compensation plan.

Summary

• On September 30, 2024, Robert L. Potter, a director of Oil States International, acquired 2,717 shares of common stock.
• The acquisition was part of the company's Amended and Restated Equity Participation Plan.
• The shares were awarded as compensation for Mr. Potter's role as non-executive chairman of the Board of Directors.
• The acquisition price was $4.6 per share.
• Following the transaction, Mr. Potter beneficially owns 164,921 shares of Oil States International.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is increasing their stake in the company, which is generally a good sign. The acquisition is part of a pre-existing compensation plan, so it's not unexpected.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The equity compensation plan aligns the interests of the director with those of the shareholders.

Industry Context

This type of equity compensation is common for non-executive chairmen of the board in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across the oil and gas industry.
• Companies like Schlumberger, Halliburton, and Baker Hughes also utilize equity-based compensation to incentivize their board members.
• The amount of equity granted is generally benchmarked against peer companies and the individual's role and responsibilities.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates