Kyle McClure - Sep 6, 2024 Form 4 Insider Report for Innovex International, Inc. (INVX)

Role
Vice President and CFO
Signature
/s/ Kyle McClure
Stock symbol
INVX
Transactions as of
Sep 6, 2024
Transactions value $
-$828,318
Form type
4
Date filed
9/10/2024, 07:15 PM
Previous filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INVX Common Stock Award +81.2K +121.17% 148K Sep 6, 2024 Direct F1, F2
transaction INVX Common Stock Tax liability -$492K -32K -21.56% $15.41 116K Sep 6, 2024 Direct F3
transaction INVX Common Stock Tax liability -$336K -21.8K -18.76% $15.41 94.4K Sep 6, 2024 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kyle McClure is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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.
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.
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.