Contran Corp - Jun 1, 2022 Form 4 Insider Report for NL INDUSTRIES INC (NL)

Role: 10%+ Owner
Signature: Andrew B. Nace, Executive Vice President of Contran Corporation
Stock symbol: NL
Transactions as of: Jun 1, 2022
Transactions value $: -$16,460
Form type: 4
Date filed: 6/2/2022, 10:45 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NL	Common Stock $0.125 par value per share	Sale	-$16.5K	-2K	-100%	$8.23	0	Jun 1, 2022	By Kronos	F1
holding	NL	Common Stock $0.125 par value per share						40.4M	Jun 1, 2022	By Valhi	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 1, 2022, the issuer, NL Industries, Inc. ("NL"), purchased 2,000 shares of its common stock, par value $0.125 per share, from Kronos Worldwide, Inc. ("Kronos") in a private transaction that was approved in advance by the independent directors of NL and Kronos. See Exhibit 99.1 to this statement for a description of the relationship of additional persons who may be deemed to have beneficially owned these shares.
F2	Directly held by Valhi, Inc. ("Valhi"). See Exhibit 99.1 to this statement for a description of the relationship of additional persons who may be deemed to beneficially own these shares.

Content

On June 1, 2022, the issuer, NL Industries, Inc. ("NL"), purchased 2,000 shares of its common stock, par value $0.125 per share, from Kronos Worldwide, Inc. ("Kronos") in a private transaction that was approved in advance by the independent directors of NL and Kronos. See Exhibit 99.1 to this statement for a description of the relationship of additional persons who may be deemed to have beneficially owned these shares.

Directly held by Valhi, Inc. ("Valhi"). See Exhibit 99.1 to this statement for a description of the relationship of additional persons who may be deemed to beneficially own these shares.

Remarks:

Exhibit Index 99.1 Additional Information