HUBBELL RICHARD A 4
Research Summary
AI-generated summary
RPC INC (RES) Richard A. Hubbell Pays Tax Withholding — 13,350 Shares
What Happened
- Richard A. Hubbell, Executive Chairman of the Board and director of RPC INC (RES), had 13,350 shares disposed/withheld on Jan 23, 2026 to pay tax liabilities related to an option exercise. The shares were recorded at $6.43 each, for a total value of $85,841. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-01-23
- Price per share: $6.43; Shares withheld/disposed: 13,350; Total value: $85,841
- Transaction code: F (payment of exercise price or tax liability — shares withheld)
- Shares owned after transaction: Not specified in the provided filing details
- Filing date: 2026-01-27 — appears to be filed within the required two business days (timely)
Context
- This was a routine tax-withholding transaction following an option exercise (shares surrendered/withheld to cover taxes), not an open-market sale. Such withholding transactions are common and generally reflect administrative settlement of tax obligations rather than a directional bet on the stock.