Gallegos John A. Jr. 4
Research Summary
AI-generated summary
NGS Director John A. Gallegos Jr. Receives 889-Share RSU Award
What Happened
John A. Gallegos Jr., a director of Natural Gas Services Group, had 889 restricted stock units (RSUs) vest on April 1, 2026. The filing shows an acquisition of 889 shares (code A) and a simultaneous conversion/exercise of a derivative instrument (code M) for 889 shares at $0.00. This reflects RSU vesting and conversion into common stock (no cash purchase or sale).
Key Details
- Transaction date: 2026-04-01. Reported shares: 889. Reported price for conversion: $0.00.
- Report filed: 2026-06-08 — more than two months after the transaction, so the Form 4 appears late/delinquent.
- Shares owned following the transaction: Not disclosed in the filing.
- Footnotes: F1 — shares were acquired on RSU vesting. F2 — each RSU equals one share on vesting (or, at the holder’s election, up to 50% may be settled in cash).
- No 10b5-1 plan or sales reported; this was compensation-based vesting, not an open-market trade.
Context
An "M" code here reflects conversion/exercise of the RSU-derived right into common stock upon vesting — common for equity compensation. Vesting and RSU settlements are routine director compensation and do not necessarily indicate a buy/sell signal. The late filing is a regulatory timing issue investors may note, though it does not change the substance of the award.