Reed Kendal 4/A
4/A · Innovex International, Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Innovex (INVX) CFO Reed Kendal Withholds 3,349 Shares for Taxes
What Happened
Reed Kendal, Chief Financial Officer of Innovex International, had 3,349 shares withheld to satisfy tax withholding obligations upon the release of restricted stock units. The shares were valued at $24.79 each, for a total of $83,022, and the withholding is reported as a disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: April 6, 2026 — 3,349 shares at $24.79 each (total $83,022).
- Transaction type: Tax withholding on RSU release (code F — shares withheld to cover taxes).
- Shares owned after transaction: Not reported in the provided filing.
- Footnotes: F1 — Shares were withheld at the Reporting Person’s election to satisfy tax withholding on released RSUs.
- Amendment/Correction: This is an amended Form 4; the original filing incorrectly reported 2,072 shares withheld. The correct number is 3,349.
- Timeliness: Transaction occurred Apr 6; the amended Form 4 was filed Apr 22, 2026 (filed after the typical 2-business-day Form 4 window).
Context
This was a routine, non-market disposition used to cover tax obligations from vested RSUs (a common "cashless" withholding), and does not indicate a sale in the open market or necessarily reflect the insider’s view of the company. Amended reporting corrected the withheld-share count; investors should note the late/amended filing for record accuracy.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-04-06$24.79/sh−3,349$83,022→ 214,483 total
Footnotes (1)
- [F1]The Shares are withheld at the election of the Reporting Person to satisfy tax withholding obligations with the release of restricted stock units.