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8-K2026-05-15· grok-4-1-fast-non-reasoning

NINE · Nine Energy Service, Inc.

0001213900-26-057673

SEC filing

Summary

Nine Energy Service, Inc. adopted the 2026 Long-Term Incentive Plan reserving 1,394,999 shares and approved significant RSU grants to key executives effective May 18, 2026, to incentivize retention post-Chapter 11.

Key takeaways

Full analysis

Nine Energy Service, Inc.'s adoption of the 2026 Long-Term Incentive Plan on May 11, 2026, aligns executive compensation with shareholder interests during the company's emergence from Chapter 11 bankruptcy. The plan reserves 1,394,999 shares of Common Stock, exactly 10% of outstanding shares as of the Chapter 11 Plan effective date, providing substantial equity capacity for incentives. Administered by the Compensation Committee with input from an independent consultant, it supports retention of key talent through diverse award types including RSUs, stock options, and performance awards. Specific grants to top executives—$2.98 million RSUs to CEO Ann G. Fox, $1.225 million to COO David Crombie, and $350,000 to Interim CFO Heather Schmidt—vest over three years, with Performance Awards tied to relative TSR and double-trigger change-in-control provisions. The $15,000 monthly stipend for Schmidt addresses interim CFO needs. These measures signal strong governance focus on aligning pay with long-term value creation and stabilizing leadership post-restructuring.