RPC (RES) CFO Michael Schmit Withholds 8,229 Shares for Taxes

What Happened
Michael Schmit, CFO and Corporate Secretary of RPC Inc. (ticker: RES), had 8,229 shares disposed on January 23, 2026 as payment to cover the exercise price or tax liability related to equity compensation. The shares were valued at $6.43 each, for a total of $52,912. This was a tax-withholding disposition following an option exercise/vesting event—not an open-market sale.

Key Details

• Transaction date: 2026-01-23; Filing date: 2026-01-27 (filed within the required reporting window).
• Disposition: 8,229 shares withheld/disposed at $6.43 per share; total value reported $52,912.
• Transaction code: F — payment of exercise price or tax liability (shares withheld for taxes).
• Shares owned after the transaction: not specified in the information provided.
• No indication this was an open-market sale; it appears to be routine tax withholding.

Context
When insiders exercise options or receive shares, companies often withhold a portion of shares to cover taxes (a cashless or net-share settlement). These withholding transactions are common and generally reflect tax obligations rather than a sentiment-driven sale.