Form 4: RPC Inc. CEO Ben M. Palmer Reports Stock Transaction

RPC Inc.'s CEO, Ben M. Palmer, disposed of 15,137 shares of common stock on January 24, 2025, at a price of $6.77 per share.

Summary

• Ben M. Palmer, the President and CEO of RPC Inc., reported a transaction involving the company's common stock.
• On January 24, 2025, Mr. Palmer disposed of 15,137 shares of RPC Inc. common stock.
• The shares were sold at a price of $6.77 per share.
• Following the transaction, Mr. Palmer beneficially owns 920,854 shares of RPC Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the oil and gas services industry where RPC Inc. operates.

Comparison to Industry Standards

• Executive stock transactions are a normal part of corporate governance and are regularly disclosed by companies like Halliburton, Schlumberger, and Baker Hughes.
• The volume of shares sold by Mr. Palmer is not unusual for an executive of a company of RPC's size.
• The price of $6.77 per share reflects the market value at the time of the transaction.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, but it is not likely to be significant given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates

Keywords

stock transaction, insider trading, Form 4, RPC Inc, Ben M. Palmer, executive stock, equity securities