Innovex (INVX) CFO Reed Kendal Withholds 5,049 Shares

What Happened

• Reed Kendal, Chief Financial Officer of Innovex International, had 5,049 shares withheld to satisfy tax withholding tied to the release of restricted stock units. The withholding was recorded at $30.07 per share, for an aggregate value of $151,823. This was a tax-withholding disposition (routine), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-09-06
• Filing date / Accession: Form 4 filed 2026-09-09 (Accession 0001193125-26-386734)
• Transaction code: F (payment of exercise price or tax liability via share withholding)
• Shares withheld/Disposed: 5,049 at $30.07; total value $151,823
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnote: F1 — Shares were withheld at the reporting person's election to satisfy tax withholding obligations upon release of restricted stock units
• Timeliness: No late-filing flag indicated in the provided data

Context

• This is a routine "sell-to-cover" (share withholding) tied to RSU vesting and does not indicate an open-market sale or necessarily reflect the insider’s view of the company. Such withholdings reduce the insider’s share count but are common and generally administrative in nature.