Nine Energy (NINE) CFO Heather Schmidt Receives Award

What Happened Heather Schmidt, Chief Financial Officer of Nine Energy Service, Inc. (NINE), was granted 33,333 restricted stock units (RSUs) on 2026-05-20. The Form 4 reports an acquisition price of $0.00 (typical for RSU awards) and a reported aggregate amount of $0. The award is a grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form filed: 2026-05-22 (filed within two days of the transaction per the filing dates shown).
• Security: 33,333 restricted stock units (RSUs); reported price per unit: $0.00; total reported aggregate: $0.
• Shares owned after transaction: Not disclosed in the excerpt provided.
• Vesting: Footnote F1 — time‑based RSUs that vest in three equal installments beginning on the first anniversary of the applicable vesting commencement date, subject to continued employment.
• Filing type/code: Form 4, transaction type A (award/grant). No 10b5‑1 plan, tax withholding, or late filing noted in the provided information.

Context RSUs are a form of compensation that convert to actual shares only as they vest; the $0.00 acquisition price on the Form 4 reflects the nature of the grant, not the economic value of the eventual shares. Because these awards vest over time and require continued employment, they are typically viewed as retention/compensation rather than a direct bullish or bearish trading signal.