Briggs Lori 4

What Happened

• Lori Briggs, VP & President, Industrial Solutions at NPK International (NPKI), had 24,340 restricted stock units (RSUs vest) convert into shares on 2026-06-01. To cover tax withholding she had 21,755 shares withheld (three withhold events at $14.31 each totaling $311,314). Separately, 10,446 shares were sold in the open market on 2026-06-02 under a Rule 10b5-1 plan for a weighted average price of $14.58, netting $152,278.

Key Details

• Vesting/conversion: 24,340 RSUs converted to 24,340 shares on 2026-06-01 (one-for-one conversion; footnote: RSUs vest and settle in shares).
• Tax withholding dispositions (6/1): 5,401 shares @ $14.31 = $77,288; 9,577 shares @ $14.31 = $137,047; 6,777 shares @ $14.31 = $96,979 (total withheld = 21,755 shares; $311,314).
• Open-market sale (6/2): 10,446 shares sold under an automatic Rule 10b5-1 plan adopted 12/15/2025; weighted average price $14.58; aggregate proceeds $152,278. Reported sale prices ranged $14.33–$14.74.
• Filing: Form 4 filed 2026-06-03 reporting transactions on 6/1–6/2; filing appears timely (within required reporting window).
• Shares owned after transaction: Not specified in the provided filing.

Context

• These transactions reflect RSU vesting and standard tax-withholding (F = tax withholding) rather than an out‑of‑the‑ordinary market sale by the insider. The open‑market sale was automatic under a pre-established 10b5‑1 plan. For RSU vesting, some or all of the new shares were withheld to meet tax obligations (common settlement practice), and remaining shares may be retained or sold per the insider’s plan.