Fruge Mary Celeste 4/A

What Happened
Mary Celeste Fruge, Vice President and General Counsel of NPK International, converted 17,274 vested restricted stock units (RSUs) into 17,274 common shares on June 1, 2025. The transactions are reported as derivative conversions (Form 4 code M) at $0.00 per share (non‑cash settlement), resulting in receipt of shares rather than a market purchase or sale. The filing is an amended Form 4 correcting a scrivener’s error in the originally reported share count.

Key Details

• Transaction date: 2025-06-01. Reported in amended filing on 2026-01-21 (original Form 4 filed June 3, 2025 contained the error).
• Price: $0.00 per share; total cash value shown: $0.
• Reported entries: 17,274 shares acquired (conversion) and a corresponding derivative disposition entry reflecting the conversion.
• Shares owned after the transaction: Not specified in the amended filing.
• Footnotes: F1 corrects a prior misreporting of 17,247 shares to the accurate 17,274 shares; F2 notes these RSUs vest in one‑third increments on June 1 of each year and settle in shares.
• Timeliness: This is an amended filing correcting the earlier report; the amendment was filed well after the transaction date.

Context
This was a routine non‑cash settlement of vested RSUs (conversion of derivative awards into company shares), not an open‑market purchase or sale. Such conversions are common when restricted awards vest and do not, by themselves, indicate a change in insider sentiment.