4/A: RPC Inc. Executive Chairman Corrects Stock Grant Amount in Amended SEC Filing
SEC Filing
Richard A. Hubbell, Executive Chairman of RPC Inc., files an amended Form 4 to correct the grant amount of restricted stock received on April 23, 2024.
Summary
- Richard A. Hubbell, the Executive Chairman of the Board 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 Hubbell received a grant of 80,000 shares of RPC Inc. common stock on April 23, 2024.
- These shares vest in three equal installments: 33 1/3 percent on January 23, 2025, and 33 1/3 percent in each of the subsequent two years.
- Following the reported transaction, Hubbell directly owns 3,128,577 shares of RPC Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a stock grant, indicating standard corporate governance practices. It doesn't contain any alarming or negative information, hence a neutral to slightly positive sentiment.
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 provides accurate information to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of corrected stock grant transaction. |
| 04/25/2024 | Date of original Form 4 filing. |
| 01/23/2025 | First vesting date for 33 1/3% of the restricted stock. |
| 05/01/2024 | Date of amended Form 4 filing. |
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