Palmer Ben M 4

What Happened

Ben M. Palmer, President, CEO and Director of RPC Inc. (RES), had 18,859 shares withheld/disposed to satisfy tax or exercise obligations on January 23, 2026. The shares were valued at $6.43 each for a total of approximately $121,263. This transaction is recorded as a payment of exercise price or tax liability (transaction code F), meaning shares were surrendered to cover taxes or exercise costs rather than sold in an open-market transaction.

Key Details

• Transaction date: 2026-01-23
• Filing date: 2026-01-27 (filed within required business-day window)
• Transaction type/code: Payment of exercise price or tax liability (Code F) — shares withheld/disposed
• Shares involved: 18,859 at $6.43 each; total value ≈ $121,263
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: The disposition reflects withholding to satisfy tax/exercise obligations, not an open-market sale

Context

Code F transactions typically occur when options are exercised or restricted shares vest and the company withholds a portion of shares to cover taxes or the exercise price. These withholdings are routine administrative actions and do not necessarily indicate the insider’s view of the company’s stock. For retail investors, outright purchases by insiders tend to be more informative signals than routine tax-withholding dispositions.