CLEMENT JAMES BOND 4

What Happened Clement James Bond, CFO of Flotek Industries, sold 6,299 shares in an open-market transaction on Feb 24, 2026 at $16.02 per share, generating $100,910. On the same date he acquired/was awarded a total of 48,421 shares (15,151 + 16,635 + 16,635) at $0 cost — these represent vested RSUs/awarded shares and performance-based restricted stock units (PRSUs), one of which is a derivative contingent award.

Key Details

• Transaction date(s): Feb 24, 2026 (reported on Form 4 filed Feb 26, 2026).
• Sale: 6,299 shares @ $16.02 = $100,910 (open market).
• Awards/Acquisitions: 15,151 shares; 16,635 shares (awarded upon satisfaction of performance criteria); 16,635 PRSUs (derivative) — total 48,421 shares acquired at $0.
• Footnotes:
  • F1: 151 of the 15,151 shares came from the 2012 ESPP (exempt under Rules 16b-3(d) and 16b-3(c)).
  • F2: One award reflects shares issued after satisfying performance criteria from prior PRSUs granted Oct 30, 2024.
  • F3: Certain RSUs vest in three equal annual installments.
  • F4: PRSUs vest subject to performance (Adjusted EBITDA and relative TSR vs. Russell 2000 Oil Equipment & Services) and continued employment (performance periods spanning 2026–2028 as described).
• Shares owned after the transactions: Not specified in the provided filing.
• Timeliness: Form 4 was filed two days after the transactions (Feb 26 reporting Feb 24 activity).

Context

• The awards were granted/vested as equity compensation (RSUs/PRSUs) and show up as acquisitions at $0 on Form 4; the PRSUs are contingent rights to receive shares only if specified performance and service conditions are met.
• The open-market sale is a routine insider sale reported on Form 4; it does not, by itself, prove a change in the insider’s view of the company.