Form 4: RPC CFO Michael Schmit Sells Shares for Tax Obligations

RPC Inc.'s CFO and Corporate Secretary, Michael Schmit, disposed of 7,030 shares of common stock on January 28, 2026, to cover tax liabilities.

Summary

• Michael Schmit, the Chief Financial Officer and Corporate Secretary of RPC Inc. (RES), reported a transaction involving the company's common stock.
• On January 28, 2026, Schmit disposed of 7,030 shares of RPC Inc. common stock.
• The transaction was executed at a price of $6.35 per share.
• Following this transaction, Michael Schmit beneficially owns 228,746 shares of RPC Inc. common stock.
• The disposition was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan for the purchase or sale of equity securities, typically indicating a pre-arranged sale for tax or liquidity purposes.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine insider sale, likely for tax purposes, and does not indicate any significant positive or negative developments for RPC Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, which often include sales for tax purposes or as part of pre-planned trading arrangements under Rule 10b5-1. Such transactions are common for executives receiving equity compensation and typically do not reflect a change in management's view of the company's prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine insider transaction for tax purposes and does not signal a change in company fundamentals or management's long-term view.

Key Dates

Recommendation

This is a routine insider transaction, specifically a disposition of shares to cover tax liabilities, which is common for executives receiving equity compensation. It does not indicate a change in the company's fundamentals or management's long-term outlook, thus a 'hold' recommendation is appropriate as it provides no new information to alter an existing investment thesis.

Keywords

RPC Inc., RES, Michael Schmit, CFO, Corporate Secretary, Insider Transaction, Form 4, Stock Sale, Tax Obligations, Beneficial Ownership, Rule 10b5-1