Bouthillette Max 4

What Happened

• Max Bouthillette, Executive Vice President, General Counsel and Chief Compliance Officer of KLX Energy Services Holdings (KLXE), reported the vesting and settlement of 10,148 restricted stock units (RSUs) and a subsequent disposition to the issuer.
• The filing shows the RSUs vested on 2026-02-09 and were cash-settled (footnotes). A disposition to the issuer for 10,148 shares occurred on 2026-02-10 at $2.58 per share, totaling $26,182. The filing also includes derivative exercise/conversion entries (transaction code M) showing the RSUs conversion and a $0.00 entry reflecting cash settlement.

Key Details

• Transaction dates and amounts:
  • 2026-02-09: RSUs vested and were converted/settled (M). Footnote indicates cash settlement.
  • 2026-02-10: Disposition to issuer (D) of 10,148 shares at $2.58, proceeds $26,182.
• Post-transaction share ownership: Not specified in the filing.
• Footnotes: F1 — each RSU equals one share and was settled in cash; F2 — RSUs vested on 2/9/2026.
• Filing timeliness: Report covers period 2026-02-09 and was filed 2026-02-10 (timely filing).

Context

• These entries reflect vested RSUs that were cash-settled rather than issuance of new stock, and a disposition to the issuer reported the cash value realized ($26,182). For retail investors: cash-settled awards do not increase insider stock ownership and are generally routine compensation events rather than open-market purchases or sales indicating a change in holding intent.