Robert Wayne Drummond Jr - Jan 2, 2022 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role
President & CEO, Director
Signature
/s/ Valorie Wanner, attorney-in-fact
Stock symbol
NEX
Transactions as of
Jan 2, 2022
Transactions value $
-$956,019
Form type
4
Date filed
1/6/2022, 04:46 PM
Previous filing
Oct 5, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise $0 +148K +27.39% $0.00 688K Jan 2, 2022 Direct
transaction NEX Common Stock Tax liability -$228K -64.3K -9.34% $3.55 624K Jan 2, 2022 Direct
transaction NEX Common Stock Options Exercise $0 +340K +54.52% $0.00 963K Jan 4, 2022 Direct
transaction NEX Common Stock Tax liability -$728K -149K -15.42% $4.90 815K Jan 4, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEX Restricted Stock Units Options Exercise $0 -148K -10.75% $0.00 1.23M Jan 2, 2022 Common Stock 148K Direct F1, F2
transaction NEX Restricted Stock Units Options Exercise $0 -340K -27.68% $0.00 888K Jan 4, 2022 Common Stock 340K Direct F1, F3
transaction NEX Restricted Stock Units Award $0 +611K +68.73% $0.00 1.5M Jan 3, 2022 Common Stock 611K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into common stock on a one-for-one basis.
F2 The restricted stock units vest in three ratable installments on each of January 2, 2021, 2022 and 2023.
F3 The restricted stock units vest in three ratable installments on each of January 4, 2022, 2023 and 2024.
F4 The restricted stock units will vest in three ratable installments on each of January 3, 2023, 2024 and 2025.