NGS (NGS) director boosts indirect stake with dividend reinvestment shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATURAL GAS SERVICES GROUP INC director Donald J. Tringali reported updated holdings of common stock. On the reported date, he indirectly acquired 49 shares at $42.42 per share through reinvestment of cash dividends under a deferred compensation plan, held in a Rabbi Trust. Following this acquisition, his indirect holdings in the trust total 17,763 shares, while his separately reported direct ownership is 1,955 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TRINGALI DONALD J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 49 | $42.42 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,763 shares (Indirect, Rabbi Trust);
Common Stock — 1,955 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired via dividend reinvestment: 49 shares
Implied acquisition price: $42.42 per share
Indirect holdings after transaction: 17,763 shares
+1 more
4 metrics
Shares acquired via dividend reinvestment
49 shares
Common Stock, reinvestment under deferred compensation plan
Implied acquisition price
$42.42 per share
Value used for 49-share dividend reinvestment
Indirect holdings after transaction
17,763 shares
Common Stock held in Rabbi Trust after acquisition
Direct holdings reported
1,955 shares
Directly owned Common Stock as of transaction date
Key Terms
Rabbi Trust, deferred compensation plan, reinvestment of cash dividends, indirect ownership, +1 more
5 terms
Rabbi Trust financial
"nature_of_ownership: "Rabbi Trust""
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
deferred compensation plan financial
"pursuant to the terms of the deferred compensation plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
reinvestment of cash dividends financial
"Shares acquired through reinvestment of cash dividends"
indirect ownership financial
"ownership_type: "indirect""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did NGS director Donald J. Tringali report on this Form 4?
Donald J. Tringali reported acquiring 49 shares of NATURAL GAS SERVICES GROUP common stock. The shares were credited through dividend reinvestment under a deferred compensation plan, rather than an open-market purchase, and are held indirectly in a Rabbi Trust associated with him.