Form 4: RPC Inc. CFO Michael Schmit Sells Shares for Tax Purposes
Insider Transaction Report
RPC Inc.'s CFO and Corporate Secretary, Michael Schmit, disposed of 2,194 shares of common stock for tax purposes on January 26, 2026, retaining 157,176 shares.
Summary
- Michael Schmit, the Chief Financial Officer and Corporate Secretary of RPC Inc. (RES), reported a transaction involving the company's common stock.
- On January 26, 2026, Schmit disposed of 2,194 shares of RPC Inc. Common Stock with a par value of $0.10.
- The disposal was for the payment of tax liability, with the shares valued at $6.36 per share.
- Following this transaction, Schmit directly beneficially owns 157,176 shares of RPC Inc. Common Stock.
- The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax purposes, which is neither inherently positive nor negative for the company's fundamental outlook or operational performance.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This insider transaction report is specific to RPC Inc. and its executive, Michael Schmit. It does not provide broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The transaction was executed under a Rule 10b5-1 plan, indicating adherence to pre-arranged trading plans designed to comply with insider trading regulations. | 01/26/2026 | This demonstrates a commitment to transparent and compliant insider trading practices, mitigating potential concerns about opportunistic trading. |
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related sale by a key executive, which typically has minimal impact on shareholder sentiment or the company's valuation. It provides transparency into insider holdings.
Key Dates
| Date | Description |
|---|---|
| 01/26/2026 | Date of transaction where 2,194 shares were disposed of. |
| 01/28/2026 | Date the Form 4 was signed and filed. |
Recommendation
holdThe Form 4 details a routine insider stock disposal by the CFO for tax withholding purposes, executed under a Rule 10b5-1 plan. This type of transaction is not indicative of a change in the company's fundamentals or management's long-term view, thus a 'hold' recommendation is appropriate as it provides no new information to alter an existing investment thesis.
Keywords
RPC Inc., RES, Michael Schmit, CFO, Corporate Secretary, Insider Transaction, Form 4, Common Stock, 10b5-1 Plan, Stock Disposal
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