Palmer Ben M 4

What Happened

Ben M. Palmer, President, CEO and a director of RPC Inc. (RES), had 19,706 shares withheld to satisfy a tax liability (Form 4 code F). The reported per-share value was $6.35, for a total disposition value of $125,133. This transaction represents shares surrendered to cover taxes—commonly part of an option exercise or restricted stock vesting—not an open-market sale.

Key Details

• Transaction date: 2026-01-28
• Price per share: $6.35; Shares withheld/disposed: 19,706; Total value: $125,133
• Transaction code: F (payment of exercise price or tax liability — share withholding)
• Shares owned after transaction: Not specified in the provided filing details
• Filing date: 2026-01-30 — filed within the typical 2-business-day Form 4 window (timely)

Context

A code F transaction usually indicates shares were used to cover tax obligations from an equity award or option exercise (net-share settlement), not a market sale. Such withholding is routine and doesn't necessarily signal insider bullishness or bearishness; outright purchases tend to be more informative about insider sentiment.