Insider Trading Arrangements - shares |
3 Months Ended | ||||||||||||||||||||||||||
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Sep. 09, 2024 |
Jun. 11, 2024 |
Mar. 31, 2025 |
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| Trading Arrangements, by Individual | |||||||||||||||||||||||||||
| Material Terms of Trading Arrangement | During the year ended December 31, 2024, Michael Domino, President, Directional Tool Rentals Division and Thomas Patterson, Independent Director, each adopted a pre-arranged stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The trading plans are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and allow for the sale of a specified number of shares of the Company’s common stock over a designated period of time, subject to certain price, timing, and volume conditions. The plans were adopted during an open trading window in accordance with the Company’s insider trading policy and are further described below:
Mr. Domino’s plan expired on March 9, 2025 without any trades being executed under the plan. Transactions under Mr. Patterson’s plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission as they occur. During the three months ended March 31, 2025, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K. |
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| Rule 10b5-1 Arrangement Adopted | false | ||||||||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Adopted | false | ||||||||||||||||||||||||||
| Rule 10b5-1 Arrangement Terminated | false | ||||||||||||||||||||||||||
| Non-Rule 10b5-1 Arrangement Terminated | false | ||||||||||||||||||||||||||
| Thomas Patterson | |||||||||||||||||||||||||||
| Trading Arrangements, by Individual | |||||||||||||||||||||||||||
| Name | Thomas Patterson | ||||||||||||||||||||||||||
| Title | Independent Director | ||||||||||||||||||||||||||
| Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||||||||
| Adoption Date | 6/11/2024 | ||||||||||||||||||||||||||
| Arrangement Duration | 15 months | ||||||||||||||||||||||||||
| Aggregate Available | 42,000 | ||||||||||||||||||||||||||
| Michael Domino | |||||||||||||||||||||||||||
| Trading Arrangements, by Individual | |||||||||||||||||||||||||||
| Name | Michael Domino | ||||||||||||||||||||||||||
| Title | President | ||||||||||||||||||||||||||
| Rule 10b5-1 Arrangement Adopted | true | ||||||||||||||||||||||||||
| Adoption Date | 9/9/2024 | ||||||||||||||||||||||||||
| Expiration Date | March 9, 2025 | ||||||||||||||||||||||||||
| Arrangement Duration | 6 months | ||||||||||||||||||||||||||
| Aggregate Available | 450,000 |