Bouthillette Max 4

What Happened

• Max Bouthillette, Executive Vice President, General Counsel and Chief Compliance Officer of KLX Energy Services Holdings (KLXE), was awarded 56,584 restricted shares and 133,070 restricted stock units (RSUs) on Jan 29, 2026. The awards were granted at $0.00 (no purchase price). On Feb 1, 2026, 18,429 shares were withheld by the company to satisfy tax withholding obligations related to vesting, recorded as a disposition at $2.78 per share for a value of $51,233. The RSUs are derivative awards (settleable in cash or stock) and the restricted stock has a multi-year vesting schedule.

Key Details

• Transaction dates and prices:
  • 2026-01-29: Grant of 56,584 restricted shares @ $0.00 (acquired)
  • 2026-01-29: Grant of 133,070 RSUs @ $0.00 (acquired, derivative)
  • 2026-02-01: 18,429 shares withheld to pay tax liability @ $2.78 (disposed), value $51,233
• Vesting and award terms:
  • Restricted stock vests in three equal annual installments beginning Feb 1, 2027 (F1).
  • RSUs vest in five equal annual installments on Feb 1 each year and each RSU represents the economic equivalent of one share, settleable in cash or stock (F3, F4).
• Tax withholding treatment: Shares were withheld by the company and retained in the company’s treasury to cover tax liabilities; no open-market sale to a third party (F2, code F).
• Filing timing: Form 4 filed Feb 2, 2026, reporting transactions with dates Jan 29 and Feb 1, 2026. The filing shows no indication of lateness in the report.

Context

• These transactions are award grants and a routine tax-withholding disposition. The RSU grants are time-vesting and do not represent an immediate purchase or sale of stock by the insider; withholding to cover taxes is common and does not necessarily indicate a change in insider sentiment. The filing does not specify post-transaction total shares owned by the insider.