4/A: RPC Inc. CFO Michael Schmit Corrects Stock Grant Amount in Amended SEC Filing

Michael Schmit, CFO and Corporate Secretary of RPC Inc., files an amended Form 4 to correct the grant amount of restricted stock awarded on April 23, 2024.

Summary

• Michael Schmit, CFO and Corporate Secretary of RPC Inc., filed an amended Form 4 with the SEC on May 1, 2024.
• The amendment corrects an error in the original filing regarding the grant amount of restricted stock.
• The corrected filing shows that Schmit acquired 45,000 shares of RPC Inc. common stock on April 23, 2024.
• These shares were granted as restricted stock with a vesting schedule of 33 1/3 percent on January 23, 2025, and 33 1/3 percent in each of the subsequent two years.
• Following the reported transaction, Schmit beneficially owns 106,531 shares of RPC Inc. common stock directly.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The correction of the stock grant amount ensures accurate information is available to shareholders regarding executive compensation.

Key Dates