TAYLOR CINDY B 4
Research Summary
AI-generated summary
Oil States (OIS) CEO Cindy B. Taylor Receives 81,998-Share Award
What Happened
- Cindy B. Taylor, President & CEO and a director of Oil States International (OIS), received an award of 81,998 shares on 2026-02-18 upon vesting of performance-based restricted stock units (RSUs). The shares were issued at $0.00 (award/grant).
- As part of the vesting, 34,726 shares were surrendered to cover tax withholding at an implied price of $9.43 per share, totaling $327,466. Net shares retained from the vesting: 81,998 − 34,726 = 47,272.
Key Details
- Transaction dates: 2026-02-18 (award and tax withholding); Form 4 filed 2026-02-19 (timely).
- Transaction codes: A = Award/Grant (81,998 shares @ $0.00); F = Shares surrendered for tax withholding (34,726 shares @ $9.43, $327,466).
- Vesting trigger: Compensation Committee certified achievement of the cumulative EBITDA performance metric for Jan 1, 2023–Dec 31, 2025; RSUs were originally granted Feb 16, 2023 (per footnote).
- Shares owned after the transaction are not disclosed in the filing; net newly issued shares to Taylor from this vesting = 47,272.
- Filing appears timely (submitted the day after the transaction); no 10b5-1 plan or late-filing indication noted.
Context
- This was not an open-market purchase or sale but the vesting/issuance of previously awarded performance-based RSUs. The surrender of shares to cover taxes is a common, administrative step and does not by itself indicate a buy or sell signal.