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NCS Multistage Holdings, Inc.·4

Mar 3, 5:22 PM ET

WILLIAMS DEWAYNE 4

Research Summary

AI-generated summary

Updated

NCS Multistage (NCSM) VP Dewayne Williams Exercises RSUs and Surrenders Shares

What Happened

  • Dewayne Williams, Vice President & Controller of NCS Multistage Holdings, reported vesting/settlement of 4,535 equivalent stock units on 2026-02-28 and a related surrender of shares to cover tax obligations. 4,535 units were treated as exercised/converted (derivative), and 4,535 shares were disposed to satisfy tax withholding at $39.84 per share for a cash value of $180,674. In addition, 301 shares were surrendered to the issuer on the same price for $11,992. On 2026-03-03 he was also granted 1,366 restricted stock units (RSUs) that vest over future periods.
  • These transactions are largely routine vesting and tax-withholding actions rather than an open-market purchase or sell for cash.

Key Details

  • Transaction dates and prices:
    • 2026-02-28: 4,535 derivative units exercised/converted; withholding disposition of 4,535 shares at $39.84 = $180,674.
    • 2026-02-28: 301 shares disposed to issuer at $39.84 = $11,992 (tax-related surrender).
    • 2026-03-03: 1,366 RSUs granted (no cash price).
  • Shares owned after transaction: Not specified in the Form 4 provided.
  • Footnotes / notable items:
    • F1/F4: The 4,535 were equivalent stock units that vested on 2/28/2026 and settle in cash (economic equivalent of one share, with a max payout cap).
    • F2: Shares were surrendered specifically to satisfy tax withholding on the RSU vesting.
    • F3/F5/F6: The new and remaining units include RSUs/equivalent units with staged vesting (e.g., 1,180 units vesting in two equal annual installments beginning 2/28/2027; 1,366 units vesting in three equal annual installments beginning 2/28/2027; plus other units vesting 2/28/2027).
  • Filing timeliness: No late-filing indication noted in the provided details.

Context

  • This was effectively a cash-settlement and tax-withholding event tied to RSU/equivalent-unit vesting (common executive compensation practice). Shares were surrendered to cover taxes rather than sold on the open market for investment reasons.
  • For retail investors: these transactions are routine compensation and withholding mechanics and do not necessarily signal a change in insider sentiment. Purchases would typically be a stronger bullish signal than vesting/withholding events.