Jacobs Justin 4

What Happened Justin Jacobs, CEO of Natural Gas Services Group Inc. (NGS), was granted 27,647 restricted stock units (RSUs) on March 12, 2026. The RSUs were awarded at $0.00 (no cash paid) and are derivative awards that represent the right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (filed within the two business-day deadline).
• Award: 27,647 RSUs @ $0.00 (transaction code A — award/grant, derivative).
• Vesting: The award vests in one-third annual increments beginning March 12, 2027, subject to continuous service and possible accelerated vesting (see footnote F2).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: Each RSU equals the right to one share upon vesting without payment (F1, F3); grant made under the company’s 2019 Equity Incentive Plan (F2).
• No 10b5-1 plan, tax-withholding sale, or immediate cashless exercise noted.

Context This is a standard equity compensation award to an executive, not an open-market purchase or sale. RSUs align executive pay with shareholder value over time but do not deliver actual shares or cash until vesting conditions are met.