Jacobs Justin 4
4 · NATURAL GAS SERVICES GROUP INC · Filed Jan 31, 2024
Insider Transaction Report
Form 4
Jacobs Justin
Chief Executive Officer
Transactions
- Award
Restricted Stock Units
2024-01-29+31,382→ 31,382 total→ Common Stock (31,382 underlying)
Holdings
- 9,470(indirect: See Footnote #1)
Common Stock
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") that were granted by the issuer to the Reporting Person as compensation for serving as a member of the issuer's board of directors. Pursuant to a pre-existing contractual obligation, Mill Road Capital Management, LLC, a prior affiliate of the Reporting Person has the right to receive the economic benefit of the reported shares and, accordingly, the Reporting Person has no direct pecuniary interest in such shares. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any.
- [F2]Not Applicable. Each RSU represents the right to receive one share of Common Stock upon vesting without payment.
- [F3]Not Applicable. The acquisition reflects an award of Restricted Stock Units pursuant the the Company's 2019 Equity Incentive Plan. The award vests in one-third annual increments beginning on January 29, 2025, subject to accelerated vesting under certain circumstances.