DNOW Inc
For the period ended Mar 31, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
Use the contents to explore the available documents and sections.
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
12. Stock-based Compensation and Outstanding Awards
In 2024, the Company’s shareholders approved the DNOW Inc. 2024 Omnibus Incentive Plan, which allows awards to be granted until 2034, for the granting of restricted stock awards (“RSAs”), restricted stock units and phantom shares (“RSUs”), performance stock awards (“PSAs”), stock options, and stock appreciation rights.
For the three months ended March 31, 2025, the Company granted 672,154 shares of RSAs and RSUs with a weighted average fair value of$16.06 per share. In addition, the Company granted PSAs to senior management employees with potential payouts varying from zero to 502,514 shares. The RSAs and RSUs vest on the third anniversary of the date of grant. The PSAs can be earned based on performance against established metrics over athree-year performance period.
Stock-based compensation expense for the three months ended March 31, 2025, totaled$4 million compared to$2 million for the corresponding period of 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.