Key facts
- This page summarizes Kyle McClure's Form 4 filing for Innovex International, Inc. (INVX).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 10 Sep 2024, 19:15.
Kyle McClure - 06 Sep 2024 Form 4 Insider Report for Innovex International, Inc. (INVX)
- Reporting relationship
- Vice President and CFO
- Issuer ticker
- INVX
- Reported as of
- 06 Sep 2024
- Net transaction value
- -$828,318
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2024, 19:15:06 UTC
- Prior SEC filing
- 02 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kyle McClure
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Kyle McClure filed Form 4 for Innovex International, Inc. (INVX) on 10 Sep 2024.
Change
- Previous filing in this sequence was filed on 02 Apr 2024.
- Current net transaction value: -$828,318.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
INVX
transaction
Common Stock
Award
- Transaction value
- Shares
- +81,189
- Change %
- +121%
- Price
- Shares after
- 148,194
- Date
- 06 Sep 2024
- Ownership
- Direct
- Footnotes
- F1, F2
INVX
transaction
Common Stock
Tax liability
- Transaction value
- $492,350
- Shares
- -31,950
- Change %
- -22%
- Price
- $15.41
- Shares after
- 116,244
- Date
- 06 Sep 2024
- Ownership
- Direct
- Footnotes
- F3
INVX
transaction
Common Stock
Tax liability
- Transaction value
- $335,969
- Shares
- -21,802
- Change %
- -19%
- Price
- $15.41
- Shares after
- 94,442
- Date
- 06 Sep 2024
- Ownership
- Direct
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Kyle McClure is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.