4Filed Aug 16, 8:00 PM ET
NESR Director Antonio J. Campo Mejia Converts 10,000 RSUs, Granted 2,800
$NESR · National Energy Services Reunited Corp.Research Summary
AI-generated summary of this SEC filing
NESR Director Antonio J. Campo Mejia Converts 10,000 RSUs, Granted 2,800
What Happened
- Antonio J. Campo Mejia, a director of National Energy Services Reunited Corp. (NESR), had 10,000 restricted stock units (RSUs) vest on August 14, 2026 and converted/exercised the derivative right into 10,000 ordinary shares (no cash paid; exercise price $0.00). On the same date he was also granted 2,800 new RSUs that will vest on August 14, 2027, subject to continued service.
- The conversion/exercise is reported as a derivative transaction (code M) at $0.00 and the grants are reported as awards (code A) with no purchase price shown.
Key Details
- Transaction date: August 14, 2026; Form 4 filed August 17, 2026 (filing appears timely).
- Conversion/exercise: 10,000 shares (derivative conversion) at $0.00 (reported value $0).
- Grant: 2,800 RSUs awarded on August 14, 2026; each RSU represents a contingent right to one ordinary share, vesting August 14, 2027, subject to continued service.
- Footnotes: F1 confirms the 10,000 RSUs were originally granted August 14, 2025 and vested August 14, 2026 (one share per RSU on vesting). F2 confirms the 2,800 RSUs were granted August 14, 2026 and vest August 14, 2027.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Exhibit: 24.1 Power of Attorney noted in the filing.
Context
- This filing reflects routine equity compensation activity (vesting and conversion of RSUs and a new RSU grant), not an open-market purchase or sale. The conversion was effectively a non‑cash settlement of vested RSUs into ordinary shares rather than a cash exercise or sale.