Robert Wayne Drummond Jr - Jan 3, 2023 Form 4 Insider Report for NEXTIER OILFIELD SOLUTIONS INC. (NEX)

Role
President & CEO, Director
Signature
/s/ Kevin McDonald, Attorney-in-Fact
Stock symbol
NEX
Transactions as of
Jan 3, 2023
Transactions value $
-$746,288
Form type
4
Date filed
1/5/2023, 08:45 PM
Previous filing
Jan 11, 2023
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEX Common Stock Options Exercise $0 +208K +16.57% $0.00 1.46M Jan 3, 2023 Direct
transaction NEX Common Stock Tax liability -$746K -87.9K -6.02% $8.49 1.37M Jan 3, 2023 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 -208K -16.34% $0.00 1.06M Jan 3, 2023 Common Stock 208K Direct F1, F2
transaction NEX Restricted Stock Units Award $0 +261K +24.55% $0.00 1.32M Jan 3, 2023 Common Stock 261K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of NEX common stock.
F2 On January 3, 2022, the Reporting Person was granted 610,596 restricted stock units, vesting in three ratable installments on each of January 3, 2023, 2024 and 2025.
F3 These restricted stock units vest in three equal installments on each of January 3, 2024, 2025 and 2026.