4/A: RPC Inc. CEO Ben M. Palmer Corrects Stock Grant Amount in Amended SEC Filing
SEC Filing
RPC Inc.'s CEO, Ben M. Palmer, files an amended Form 4 to correct the number of restricted stock shares granted on April 23, 2024.
Summary
- Ben M. Palmer, President and CEO of RPC Inc., filed an amended Form 4 with the SEC on May 1, 2024, to correct an error in the original filing regarding a stock grant.
- The amendment clarifies that the correct total grant amount is 120,000 shares of restricted stock, granted on April 23, 2024.
- These shares vest in three equal installments of 33 1/3 percent annually, starting on January 23, 2025.
Sentiment
Score: 7
Explanation: The document is a routine correction of a stock grant, which is neutral to slightly positive as it confirms executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and is specific to RPC Inc.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of the stock grant. |
| 04/25/2024 | Date of original filing. |
| 01/23/2025 | First vesting date for the restricted stock (33 1/3%). |
| 05/01/2024 | Date of amended filing. |
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