Form 4: Oil States International Director Acquires Shares Through Deferred Stock Units
SEC Form 4 Filing
Director Lawrence R. Dickerson acquired 33,259 shares of Oil States International through deferred restricted stock units, which will vest before the 2025 annual meeting.
Summary
- Lawrence R. Dickerson, a director of Oil States International, acquired 33,259 shares of common stock on May 7, 2024.
- The acquisition was through deferred restricted stock units, with each unit representing a contingent right to receive one share of OIS common stock.
- The shares were acquired at a price of $0.
- Following the transaction, Dickerson beneficially owns 127,668 shares of Oil States International.
- The award will vest in full on the day before the Company's 2025 Annual Stockholders meeting.
- Delivery of the vested shares shall be deferred until a future date elected by the reporting person in connection with the grant of the award.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of shares by a director is generally viewed positively, but it's a routine occurrence.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
Future Outlook
Delivery of the vested shares shall be deferred until a future date elected by the reporting person in connection with the grant of the award.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: acquisition of 33,259 shares of common stock. |
| 05/08/2024 | Date of signature on the Form 4 filing. |
| 2025 Annual Stockholders meeting | The award will vest in full on the day before the Company's 2025 Annual Stockholders meeting. |
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