Form 4: RPC Inc. CFO Michael Schmit Reports Stock Transaction
SEC Form 4 Filing
RPC Inc.'s CFO, Michael Schmit, reported the disposition of 5,256 shares of common stock on January 23, 2025.
Summary
- Michael Schmit, CFO and Corporate Secretary of RPC Inc., reported a transaction involving the company's common stock.
- On January 23, 2025, Mr. Schmit disposed of 5,256 shares of RPC Inc. common stock.
- The shares were disposed of at a price of $6.86 per share.
- Following the transaction, Mr. Schmit beneficially owns 101,275 shares of RPC Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction by an insider, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure of a stock transaction by a company insider, which is common in publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, ensuring transparency and compliance with SEC regulations.
- The transaction is typical for executives who may sell shares for personal financial management or tax purposes.
Stakeholder Impact
- The transaction may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the stock transaction. |
| 01/24/2025 | Date of signature on the Form 4. |
Keywords
RPC Inc, Michael Schmit, stock transaction, Form 4, insider trading, CFO, equity securities
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.