Jenvey Nigel 4
Research Summary
AI-generated summary
Natural Gas Services Group Director Nigel Jenvey Receives 4,456 Shares
What Happened
Nigel Jenvey, a director of Natural Gas Services Group, received 4,456 shares upon the vesting/settlement of restricted stock units (RSUs) on June 5, 2026. The Form 4 shows a derivative conversion/exercise (code M) of 4,456 RSUs into common shares at $0.00 and a corresponding acquisition entry (code A) for 4,456 shares. The filing reports no cash paid per share (reported price $0.00).
Key Details
- Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (appears timely).
- Shares involved: 4,456 RSUs converted to/issued as 4,456 common shares. Reported price per share: $0.00 (reflects settlement of RSUs, not an open-market purchase).
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnotes: F1 — shares acquired due to RSU vesting. F2 — each RSU entitles holder to one share upon vesting (or, at the holder’s election, up to 50% in cash).
- No sale or open-market purchase was reported; this is routine equity compensation settlement rather than a market trade.
Context
RSU vesting and the corresponding conversion entry (M) typically reflect compensation for service; they do not by themselves indicate a buy/sell decision by the insider. The filing shows settlement in shares (not a cash payout), consistent with director compensation practices.