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FLOTEK INDUSTRIES INC/CN/·4

May 18, 5:25 PM ET

CLEMENT JAMES BOND 4

Research Summary

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Updated

Flotek (FTK) CFO James Bond Sells 12,554 Shares, Receives Award

What Happened

  • James Bond, Chief Financial Officer of Flotek Industries, reported a mix of award, tax-withholding and open-market sale transactions. On May 15, 2026 he was awarded 8,097 shares (performance-based restricted stock units) valued at $0 on grant/vesting. To cover tax withholding, 3,187 shares were surrendered/disposed at $19.61 each for $62,497. On May 18, 2026 he sold 12,554 shares in the open market at a weighted average price of $20.08 for proceeds of $252,084.
  • These actions reflect a vesting of performance RSUs followed by share-withholding for taxes and an open-market sale; vesting is an award (acquisition), while the others are dispositions (routine liquidity).

Key Details

  • Transaction dates/prices:
    • May 15, 2026: Award of 8,097 performance-based RSUs (footnote F1).
    • May 15, 2026: Tax-withholding disposition of 3,187 shares at $19.61 each = $62,497 (code F).
    • May 18, 2026: Open-market sale of 12,554 shares at weighted avg $20.08 = $252,084 (code S). Per footnote F3, sale prices ranged from $20.00 to $20.20.
  • Shares owned after transaction: not specified in this Form 4 filing.
  • Notable footnotes:
    • F1: Award resulted from satisfaction of performance criteria for PB RSUs originally granted May 16, 2025.
    • F2: Filing notes 131 shares acquired under the 2012 Employee Stock Purchase Plan for the Jan–Mar 2026 period (exempt under Rule 16b-3).
    • F3: Weighted-average sale price reported; reporting person will provide per-price breakdown on request.
  • Filing timeliness: Form filed May 18, 2026 for transactions on May 15 and May 18; filing appears to be within required reporting window.

Context

  • This was a vesting of performance-based RSUs followed by tax withholding and a separate open-market sale. The tax-withholding disposition (code F) is routine when equity vests; the open-market sale (code S) reflects liquidity rather than an additional purchase signal.
  • No 10% owner or 10b5-1 plan was disclosed in the filing; motivations are not stated and should not be inferred.