4//SEC Filing
McClure Kyle 4
Accession 0000950170-24-105265
CIK 0001042893other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 7:15 PM ET
Size
9.1 KB
Accession
0000950170-24-105265
Insider Transaction Report
Form 4
McClure Kyle
Vice President and CFO
Transactions
- Tax Payment
Common Stock
2024-09-06$15.41/sh−31,950$492,350→ 116,244 total - Tax Payment
Common Stock
2024-09-06$15.41/sh−21,802$335,969→ 94,442 total - Award
Common Stock
2024-09-06+81,189→ 148,194 total
Footnotes (4)
- [F1]Represents shares received upon the vesting and settlement of all of the Reporting Person's outstanding performance unit awards (the "Performance Units") in connection with the consummation of the mergers (the "Mergers") contemplated by that certain Agreement and Plan of Merger, dated as of March 18, 2024, by and among Innovex International, Inc. (formerly named Dril-Quip, Inc.) (the "Issuer"), certain subsidiaries of the Issuer and Innovex Downhole Solutions, Inc., as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of June 12, 2024.
- [F2]The Performance Units were granted pursuant to the Issuer's 2017 Omnibus Incentive Plan and vested at 100% of the target level on the Reporting Person's last day of employment with the Issuer pursuant to the Separation Agreement and General Release of Claims between the Reporting Person and the Issuer, dated September 6, 2024 (the "Separation Agreement"), a copy of which was filed as an exhibit to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 6, 2024.
- [F3]Represents the number of shares withheld to satisfy tax withholding obligations in connection with the vesting and settlement of the Performance Units on September 6, 2024.
- [F4]Represents the number of shares withheld to satisfy tax withholding obligations in connection with the vesting and settlement of all of the Reporting Person's outstanding restricted stock awards on September 6, 2024 in connection with the consummation of the Mergers.
Documents
Issuer
Innovex International, Inc.
CIK 0001042893
Entity typeother
Related Parties
1- filerCIK 0001698509
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 7:15 PM ET
- Size
- 9.1 KB