Form 4: RPC Inc. CFO Michael Schmit Sells Shares
SEC Form 4
RPC Inc.'s CFO and Corporate Secretary, Michael Schmit, sold 5,076 shares of common stock on January 24, 2025.
Summary
- Michael Schmit, the CFO and Corporate Secretary of RPC Inc., sold 5,076 shares of the company's common stock.
- The transaction occurred on January 24, 2025.
- The shares were sold at a price of $6.77 per share.
- Following the transaction, Mr. Schmit directly owns 96,199 shares of RPC Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of a stock sale by an executive, which is a routine event. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction and is common for publicly traded companies.
Comparison to Industry Standards
- Insider trading disclosures are a standard practice for all publicly listed companies.
- The transaction is typical for executives who hold company stock as part of their compensation.
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 |
|---|---|
| 01/24/2025 | Date of the stock sale transaction. |
| 01/28/2025 | Date the form was signed. |
Keywords
RPC Inc, Michael Schmit, insider trading, stock sale, CFO, corporate secretary, share transaction
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