secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2026-05-15T20:00:48+00:00
Accession:  0001213900-26-057673
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nine Energy adopts 2026 LTIP; grants $4.55M in RSUs and Performance Awards to CEO, COO, Interim CFO
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- Plan reserves 1,394,999 shares (10% of outstanding) for equity awards under post-Chapter 11 reorganization.
- CEO Ann Fox receives $2.98M in time-based RSUs and $2.98M target Performance Awards based on relative TSR.
- COO David Crombie gets $1.225M RSUs and $1.225M target; Interim CFO Heather Schmidt: $350k each plus $15k/month stipend.
- RSUs vest over 3 years; Performance Awards have max payout of 200% of target over annual measurement periods.
- Plan includes double-trigger change-in-control vesting and termination protections for executives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026057673/0001213900-26-057673-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026057673/ea0291015-8k_nine.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-057673

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer