Reed Kendal 4
Research Summary
AI-generated summary
Innovex (INVX) CFO Reed Kendal Sells 2,072 Shares for Tax Withholding
What Happened
- Reed Kendal, Chief Financial Officer of Innovex International, had 2,072 shares withheld (disposed) to satisfy tax withholding related to the release of restricted stock units. The shares were valued at $24.79 each for a total of $51,365 on April 6, 2026. This was a tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date and price: April 6, 2026 — 2,072 shares at $24.79 per share.
- Transaction value: Approximately $51,365.
- Transaction type/code: F — payment of exercise price or tax liability (shares withheld).
- Footnote: F1 — Shares were withheld at the reporting person's election to satisfy tax withholding obligations with the release of restricted stock units.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date/timeliness: Filed April 7, 2026 (timely relative to the reported transaction date).
Context
- This was a routine tax-withholding (net share settlement) tied to RSU vesting, not an active sale in the open market. Such withholding disposals are common for executives and do not necessarily indicate a change in sentiment about the stock. Purchases or open-market sales are generally more informative about insider views.