Form 4: RPC CEO Ben Palmer Sells Shares for Tax Obligations
Insider Transaction Report
RPC Inc. President and CEO Ben M. Palmer reported the disposition of 9,275 shares of common stock to cover tax withholding obligations.
Summary
- Ben M. Palmer, President and CEO of RPC Inc., disposed of 9,275 shares of common stock.
- The transaction occurred on January 26, 2026, at a price of $6.36 per share.
- This disposition was made to satisfy tax withholding obligations related to equity awards.
- Following the transaction, Palmer beneficially owns 1,047,735 shares of RPC Inc. common stock directly.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing reporting a non-discretionary disposition of shares to cover tax withholding obligations, which has a neutral impact on company sentiment.
Industry Context
This is a routine insider transaction for tax withholding purposes, common for executives receiving equity compensation. It does not inherently reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax withholding purposes, not a discretionary sale indicating a change in confidence.
Key Dates
| Date | Description |
|---|---|
| 01/26/2026 | Transaction Date: Disposition of common stock by Ben M. Palmer. |
| 01/28/2026 | Signature Date of the Form 4 filing. |
Keywords
RPC Inc., RES, Ben M. Palmer, Insider Transaction, Form 4, Stock Sale, Tax Withholding, CEO, Director
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