DNOW officer files Form 3 detailing 32,981 shares and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
DNOW Inc. filed an initial statement of beneficial ownership for its VP and CAO. The officer directly holds 32,981 shares of common stock.
The holdings reflect securities received at the closing of transactions under the June 26, 2025 Merger Agreement among DNOW, MRC Global Inc., and other parties. The reported amount includes 21,161 shares of common stock and 11,820 restricted stock units (RSUs). The RSUs vest as follows: 2,793 on February 7, 2026; 2,120 on March 12, 2026; 2,793 on February 7, 2027; 2,057 on March 12, 2027; and 2,057 on March 12, 2028, each conditioned on continued service and subject to accelerated vesting under certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson Gillian
Role
VP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 32,981 shares (Direct)
Footnotes (1)
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FAQ
What did DNOW (DNOW) disclose in this Form 3?
An officer (VP and CAO) reported beneficial ownership of 32,981 shares of common stock.
What are the RSU vesting dates for DNOW (DNOW)?
RSUs vest 2/7/2026 (2,793), 3/12/2026 (2,120), 2/7/2027 (2,793), 3/12/2027 (2,057), and 3/12/2028 (2,057).
What conditions apply to the DNOW (DNOW) RSUs?
Each RSU vests upon continued service with the issuer and is subject to accelerated vesting under certain circumstances.
What transaction led to these DNOW (DNOW) securities being reported?
They were received in connection with the closing of transactions under the June 26, 2025 Merger Agreement with MRC Global Inc. and others.
Is the DNOW (DNOW) reporting person a director or 10% owner?
No. The individual is an officer (VP and CAO).