Schmit Michael 4

What Happened
Michael Schmit, CFO and Corporate Secretary of RPC Inc. (ticker: RES), had 7,030 shares withheld at $6.35 per share (total ~$44,641) on January 28, 2026 to satisfy a tax or exercise-related obligation (transaction code F). This was a withholding of shares to cover tax liability (not an open-market sale), a routine administrative step often tied to option exercises or share vesting.

Key Details

• Transaction date: 2026-01-28; reported on Form 4 filed 2026-01-30 (timely filing).
• Shares withheld/disposed: 7,030 shares at $6.35 each; total value ≈ $44,641.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Filed within the standard 2-business-day window; not flagged as late.

Context: This was a tax/withholding transaction tied to an exercise or vesting event (cashless-withholding style), not a public sale. Such withholding transactions are administrative and do not necessarily indicate insider sentiment about the stock.