Form 4 for INVX Innovex International, Inc.
Accepted 2024-09-10 00:00:00 ET · period of report 2024-09-06 · accession 0000950170-24-105266 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-09-10 | 2024-09-06 | INVX | Underwood Donald M | VP - Subsea Products | A - Grant | — | +23.7K | 48.1K | +98% | — | |
| M | 2024-09-10 | 2024-09-06 | INVX | Underwood Donald M | VP - Subsea Products | F - Tax | $15.41 | -15.9K | 32.2K | -33% | -$244.8K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-09-06 | A | A | 23,742 | — | 48,085 | D | — | — | (F1) Represents shares received upon the vesting and settlement of all of the Reporting Person's outstanding performance unit awards (the "Performance Units") in connection with the consummation of the mergers (the "Mergers") contemplated by that certain Agreement and Plan of Merger, dated as of March 18, 2024, by and among Innovex International, Inc. (formerly named Dril-Quip, Inc.) (the "Issuer"), certain subsidiaries of the Issuer and Innovex Downhole Solutions, Inc., as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of June 12, 2024. (F2) The Performance Units were granted pursuant to the Issuer's 2017 Omnibus Incentive Plan and vested at 100% of the target level on the Reporting Person's last day of employment with the Issuer pursuant to the Separation Agreement and General Release of Claims between the Reporting Person and the Issuer, dated September 6, 2024 (the "Separation Agreement"), a copy of which was filed as an exhibit to the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 6, 2024. |
| 2 | Common | Common Stock | 2024-09-06 | F | D | 9,344 | $15.41 | 38,741 | D | — | — | (F3) Represents the number of shares withheld to satisfy tax withholding obligations in connection with the vesting and settlement of the Performance Units on September 6, 2024. |
| 3 | Common | Common Stock | 2024-09-06 | F | D | 6,545 | $15.41 | 32,196 | D | — | — | (F4) Represents the number of shares withheld to satisfy tax withholding obligations in connection with the vesting and settlement of all of the Reporting Person's outstanding restricted stock awards on September 6, 2024 in connection with the consummation of the Mergers. |