Law Adam R. 4
Research Summary
AI-generated summary
Nine Energy (NINE) EVP/GC Adam Law Receives RSU Award
What Happened
- Adam R. Law, Executive Vice President, General Counsel and Corporate Secretary of Nine Energy Service, was granted 92,222 restricted stock units (RSUs) on 2026-06-23. The Form 4 reports the grant as an award (code A) at $0.00 per share (reporting value $0), consistent with a compensation grant rather than an open‑market purchase.
Key Details
- Transaction date: 2026-06-23; transaction type: Award/Grant (code A); reported price: $0.00; shares granted: 92,222.
- Vesting: Footnote states these are time‑based RSUs that will vest in three equal installments beginning on the first anniversary of the applicable vesting commencement date, subject to continued employment.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form 4 filed the same day (2026-06-23), indicating a timely report.
- Accession: 0001193125-26-280002.
Context
- RSU awards are compensation, not purchases or sales; they typically vest over time and may be forfeited if employment ends before vesting. Such grants signal company compensation practices but are not direct affirmations of short‑term market sentiment.