Jacobs Justin 4
4 · NATURAL GAS SERVICES GROUP INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
NGS CEO Justin Jacobs Receives 11,696 RSUs; 4,433 Shares Withheld
What Happened
- Justin Jacobs, CEO of Natural Gas Services Group, had 11,696 restricted stock units (RSUs) vest on March 13, 2026. Those RSUs converted into 11,696 shares of common stock (reported as exercises/conversions of derivatives).
- To cover tax withholding, 4,433 of the newly issued shares were surrendered at $35.59 per share, equal to $157,770. There was no open‑market sale — this was an RSU vesting and net share settlement rather than a purchase or voluntary sale.
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 16, 2026 (timely filing).
- Award/vesting: 11,696 shares acquired via RSU vesting (code A; conversion entries reported as M totaling 11,696).
- Tax withholding: 4,433 shares withheld at $35.59 per share for $157,770 (code F).
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Footnotes: F1/F2 indicate these were RSUs that convert 1:1 into common shares upon vesting and the withholding reflects tax payment.
Context
- This is a standard executive compensation event (RSU vesting) and not an open‑market buy or sale; withheld shares to cover taxes are routine and do not necessarily signal insider sentiment.
- The derivative/conversion entries at $0.00 reflect conversion/settlement of RSUs (no exercise price owed).
Insider Transaction Report
Form 4
Jacobs Justin
Chief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-03-13+11,696→ 31,189 total - Tax Payment
Common Stock
2026-03-13$35.59/sh−4,433$157,770→ 26,756 total - Exercise/Conversion
Restricted Stock Unit
[F2]2026-03-13−10,140→ 20,280 total→ Common Stock (10,140 underlying) - Exercise/Conversion
Restricted Stock Unit
[F2]2026-03-13−1,556→ 3,111 total→ Common Stock (1,556 underlying)
Holdings
- 10,461
Restricted Stock Units
[F2]→ Common Stock (10,461 underlying)
Footnotes (2)
- [F1]Not applicable. Represents shares acquired in connection with the vesting of a Restricted Stock Unit ("RSU") award.
- [F2]Not applicable. Each RSU represents the right to receive one share of the Company's common stock upon vesting without payment.
Signature
Justin C. Jacobs|2026-03-16