MCCAFFREY THOMAS P 4
Research Summary
AI-generated summary
KLX Energy (KLXE) Director Thomas P. McCaffrey Receives Award
What Happened
Thomas P. McCaffrey, a director of KLX Energy Services Holdings, Inc. (KLXE), was granted 14,481 shares as an award (transaction code A) on January 29, 2026. The shares were reported at $0.00 per share (typical for restricted stock awards), resulting in no upfront cash paid. The award is documented as restricted stock that vests on February 1, 2027.
Key Details
- Transaction date: 2026-01-29; reported on Form 4 filed 2026-02-02 (appears timely under the two-business-day rule).
- Price: $0.00 per share (restricted stock grant).
- Shares acquired: 14,481 restricted shares.
- Vesting: Grant vests on February 1, 2027 (footnote F1).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction code: A = Award/Grant.
Context
Restricted stock awards are commonly used as compensation for directors and typically carry vesting conditions; they are not immediately marketable upon grant. Such awards are routine corporate compensation actions and do not by themselves indicate the director’s immediate trading intent or view of the stock.