Form 4: Oil States International Director Hollek Acquires Shares

Sentiment:

SEC Form 4 Filing


Director Darrell E. Hollek acquired 33,259 shares of Oil States International common stock on May 7, 2024, as part of a restricted stock award.

Summary

  • On May 7, 2024, Darrell E. Hollek, a director of Oil States International, Inc., acquired 33,259 shares of common stock.
  • The acquisition was part of a restricted common stock award under the company's Amended and Restated Equity Participation Plan.
  • These shares vest on the day before the company's 2025 Annual Stockholders meeting.
  • Following the transaction, Hollek beneficially owns 115,399 shares of Oil States International common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock acquisition by a director. It doesn't inherently indicate positive or negative performance.

Positives

  • The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The restricted stock award vests on the day before the Company's 2025 Annual Stockholders meeting.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership in a publicly traded company. It is common for directors to receive stock-based compensation as part of their overall remuneration package.

Stakeholder Impact

  • The transaction could have a minor positive impact on shareholder sentiment as it indicates a director's investment in the company.

Key Dates

DateDescription
05/07/2024Date of transaction: Darrell E. Hollek acquired 33,259 shares of Oil States International common stock.
2025 Annual Stockholders meetingVesting date for the restricted common stock award.
05/08/2024Date of signature on the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.