Form 4: RPC Inc. CFO Michael Schmit Acquires Restricted Stock

RPC Inc.'s CFO, Michael Schmit, acquired 71,400 shares of restricted stock on January 28, 2025, which will vest annually starting in 2026.

Summary

• Michael Schmit, the CFO and Corporate Secretary of RPC Inc., acquired 71,400 shares of restricted stock on January 28, 2025.
• These shares will vest in three equal annual installments, beginning in 2026.
• Following this transaction, Mr. Schmit's total holdings include 167,599 shares of common stock.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing related to insider stock transactions. It is neither particularly positive nor negative, but rather a standard disclosure.

Positives

• The acquisition of restricted stock by a key executive like the CFO can be seen as a positive sign of confidence in the company's future performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they acquire or dispose of company stock. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• The vesting schedule of the restricted stock, with 33.33% vesting annually, is a common practice in executive compensation packages.
• Similar vesting schedules are often seen in companies like Halliburton and Schlumberger, which also operate in the oil and gas services sector.

Stakeholder Impact

• The acquisition of restricted stock by the CFO may be viewed positively by shareholders as it aligns his interests with the company's long-term performance.

Key Dates

Keywords

RPC Inc, Michael Schmit, restricted stock, CFO, insider trading, beneficial ownership, vesting