Moses Philip Scott 4
Research Summary
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Oil States (OIS) COO Philip Scott Receives Restricted Stock Award
What Happened Philip Scott, Chief Operating Officer of Oil States International (OIS), was granted a service‑based restricted common stock award of 62,500 shares on 2026-02-19 (award price $0.00). On 2026-02-20, 15,266 of those shares were surrendered to the company to satisfy withholding tax obligations at $12.53 per share, resulting in proceeds of $191,283 (shares surrendered, not an open‑market sale).
Key Details
- Transactions: Award (Code A) on 2026-02-19 — 62,500 shares @ $0.00; Tax withholding (Code F) on 2026-02-20 — 15,266 shares surrendered @ $12.53 = $191,283.
- Shares owned following the reported transactions: not specified in the provided filing.
- Footnote F1: The award is service‑based restricted common stock under the company’s equity plan and vests in three equal annual installments beginning 2/19/2027.
- Footnote F2: The 15,266 shares were surrendered to pay tax liability incident to vesting of a prior restricted stock award (routine withholding).
- Filing: Report filed 2026-02-23. Based on the transaction dates, the Form 4 was filed within the normal two business‑day reporting window.
Context This was primarily a time‑based restricted stock grant (not a market purchase). The surrender of shares to cover taxes is a routine withholding action and should not be interpreted as an open‑market sale or directional bet by the insider.