Form 4: RPC Inc. Executive Chairman Richard A. Hubbell Reports Stock Transactions

Richard A. Hubbell, Executive Chairman of RPC Inc., acquired 102,000 shares of restricted stock and disposed of 5,948 shares to cover tax obligations.

Summary

• Richard A. Hubbell, the Executive Chairman of the Board at RPC Inc., reported transactions involving the company's common stock.
• On January 28, 2025, Hubbell acquired 102,000 shares of restricted stock.
• These shares vest annually in 33 1/3 percent increments starting in 2026.
• Also on January 28, 2025, Hubbell disposed of 5,948 shares at a price of $6.44 per share to cover tax obligations.
• Following these transactions, Hubbell beneficially owns 3,196,462 shares of RPC Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions are routine and expected. The acquisition of restricted stock is a positive sign, while the disposal for tax purposes is a neutral event.

Positives

• The acquisition of 102,000 restricted shares indicates a continued commitment by the Executive Chairman to the company's long-term success.

Negatives

• The disposal of 5,948 shares, while for tax purposes, slightly reduces Hubbell's overall holdings.

Risks

• The vesting schedule of the restricted stock could influence the timing of future transactions by Hubbell.

Industry Context

This filing is a routine disclosure of insider transactions and does not indicate any specific trend in the oil and gas services industry where RPC Inc. operates.

Comparison to Industry Standards

• Insider transactions are common across all publicly traded companies, including RPC Inc.'s competitors such as Halliburton and Schlumberger.
• The vesting schedule of the restricted stock is a standard practice for executive compensation.
• The tax-related disposal of shares is also a common occurrence among executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

RPC Inc, Richard A. Hubbell, stock transaction, restricted stock, beneficial ownership, Form 4, executive chairman