Jenvey Nigel 4
Research Summary
AI-generated summary
Natural Gas Services Group (NGS) Director Nigel Jenvey Receives RSU Award
What Happened
Nigel Jenvey, a director of Natural Gas Services Group, was granted 3,521 restricted stock units (RSUs) on 2026-06-10 (transaction reported 2026-06-11). The award was recorded at $0.00 per unit (derivative grant), representing the right to receive one share of the company's common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-06-10; filing date: 2026-06-11 (timely).
- Transaction type/code: Award/Grant (A) of RSUs; price per unit reported $0.00.
- Amount: 3,521 RSUs awarded; total cash consideration reported $0.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each RSU entitles the holder to one share at vesting; F2 — award made under the 2019 Equity Incentive Plan and vests on the first anniversary of the grant date, subject to accelerated vesting in certain circumstances.
Context
RSU grants are compensation-based derivative awards that convert to common shares upon vesting; they are not open-market purchases or sales. The grant itself is neither a bullish purchase nor a sale of existing stock—it’s a standard form of equity compensation for executives and directors.