NYSE: NINE Nine Energy Service, Inc. 8-K

Nine Energy Service grants $15,000 in equity and cash awards to executives post-bankruptcy

Filed May 15, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

high

Board approved 2026 Long-Term Incentive Plan reserving 1.4M shares (10% of outstanding stock) following Chapter 11 emergence, enabling equity compensation for employees and directors over ten-year term.

Item 5.02 verify on EDGAR →
high

CEO Ann Fox received $2.98M in restricted stock units vesting over three years plus $2.98M target in performance cash awards tied to total shareholder return, with potential payout up to 200% of target.

Item 5.02 verify on EDGAR →
medium

COO David Crombie granted $1.225M in RSUs and $1.225M target performance awards; Interim CFO Heather Schmidt received $350K in each category, all effective May 18, 2026.

Item 5.02 verify on EDGAR →
medium

RSU grants calculated using $9 per share stock price assumption, determining actual share count executives will receive when awards vest over three-year period.

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low

Interim CFO Schmidt receives additional $15,000 monthly cash stipend while serving in temporary role, separate from equity compensation.

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Summary

Nine Energy Service disclosed significant post-bankruptcy executive compensation, granting $0.01 in combined equity and performance awards to three top executives. The company established a new 2026 Long-Term Incentive Plan reserving 1.4 million shares—representing 10% of outstanding common stock—as part of its emergence from Chapter 11 reorganization.

CEO Ann Fox received the largest package at nearly $6 million in total target value, split between time-based restricted stock units and performance cash awards tied to relative total shareholder return. Retail investors should note the substantial dilution potential from the new equity plan and the performance-based structure that could pay executives up to 200% of target awards.

The $9 share price assumption used to calculate RSU grants provides insight into management's near-term valuation expectations. With the company fresh out of bankruptcy, these awards represent management's bet on successful turnaround execution. Watch for the actual share count granted when awards become effective May 18, 2026, and monitor whether the stock trades above or below the $9 pricing assumption. Future 10-Q filings will reveal TSR performance metrics and whether executives are on track to earn their performance awards, signaling execution progress.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

~1,400 words

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

5 Added

Added 2026 Long-Term Incentive Plan adoption high

Added in current filing · verify on EDGAR →

On May 11, 2026, the Board of Directors (the “Board”) of Nine Energy Service, Inc. (the “Company”) approved, based on the recommendations of the Nominating, Governance and Compensation Committee (the “Committee”), the Nine Energy Service, Inc. 2026 Long-Term Incentive Plan (the “2026 Plan”), as contemplated by the Amended Joint Prepackaged Plan of Reorganization of the Company and its debtor affiliates pursuant to Chapter 11 of the Bankruptcy Code (the “Chapter 11 Plan”). In accordance with the Chapter 11 Plan, the 2026 Plan reserved for issuance an aggregate number of shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), equal to 1,394,999 shares of Common Stock, representing 10% of the outstanding shares of Common Stock as of the effective date of the Chapter 11 Plan.

The Board approved a new equity compensation plan reserving 1,394,999 shares (10% of outstanding common stock) as part of the company's emergence from Chapter 11 bankruptcy. The plan allows for stock options, restricted stock units, performance awards, and other equity-based compensation to attract and retain employees, directors, and consultants. The plan has a ten-year term and caps non-employee director compensation at $900,000 per fiscal year.

Added CEO equity and cash awards high

Added in current filing · verify on EDGAR →

Based on the recommendations of the Committee, the Board approved the following awards for Ms. Fox, the Company’s President, Chief Executive Officer and Secretary, Mr. Crombie, the Company’s Executive Vice President and Chief Operating Officer, and Ms. Schmidt, the Company’s Interim Chief Financial Officer and Senior Vice President, Strategic Development & Investor Relations, with such grants to become effective on May 18, 2026: Name/Title | Approved | Grant | Value of | RSUs ($)* | Approved | Target | Value of | Performance | Awards ($) Ann G. Fox, President, Chief Executive Officer and Secretary $2,980,000 $2,980,000 David Crombie, Executive Vice President and Chief Operating Officer $1,225,000 $1,225,000 Heather Schmidt, Interim Chief Financial Officer and Senior Vice President, Strategic Development & Investor Relations $350,000 $350,000

The CEO received $2,980,000 in time-based restricted stock units (vesting over three years) plus $2,980,000 target value in performance-based cash awards tied to relative total shareholder return over three annual periods. The COO received $1,225,000 in each category, and the Interim CFO received $350,000 in each. Performance awards can pay up to 200% of target. These grants become effective May 18, 2026.

Added Long-term incentive program structure medium

Added in current filing · verify on EDGAR →

The long-term incentive program for executive officers of the Company consists of (a) stock-settled time-based restricted stock units (“RSUs”), vesting over a period of three years subject to continued employment with the Company, and (b) performance-based cash awards (“Performance Awards”) eligible to vest based on relative total shareholder return (TSR) performance measured over three separately-measured annual performance periods and subject to continued employment through the full three-year performance cycle. The maximum cash value that can be earned in respect of the Performance Awards is equal to 200% of the participant’s target award.

The company established a two-part executive compensation framework: time-based RSUs vesting over three years, and performance cash awards based on relative total shareholder return measured annually over three years. Both require continued employment. Performance awards can pay 0% to 200% of target based on TSR results. Awards include termination protections and double-trigger change-in-control vesting provisions.

Added RSU pricing assumption medium

Added in current filing · verify on EDGAR →

*Number of RSUs granted was determined based on a stock price of $9.

The company used a $9 per share stock price to calculate the number of RSUs granted to executives. This pricing assumption determines how many shares each executive will receive when the grants become effective on May 18, 2026.

Show 1 minor / wording change

Added Interim CFO monthly stipend low

Added in current filing · verify on EDGAR →

On May 11, 2026, the Board also approved, based on recommendations of the Committee, a cash stipend of $15,000 per month for Ms. Schmidt, which will remain in effect in respect of each month during which she is serving as the Company’s Interim Chief Financial Officer.

The Board approved a $15,000 monthly cash stipend for Heather Schmidt while she serves as Interim Chief Financial Officer, in addition to her equity and performance awards. This is temporary compensation tied to her interim role.

Event · Item 9.01 — Financial Statements and Exhibits

~100 words

Nine Energy Service filed an 8-K to reference its 2026 Long-Term Incentive Plan, a routine exhibit filing with no material business impact.

1 Added

Show 1 minor / wording change

Added 2026 Long-Term Incentive Plan low

Added in current filing · verify on EDGAR →

Nine Energy Service, Inc. 2026 Long-Term Incentive Plan (incorporated by reference to Exhibit 4.3 of Nine Energy Service, Inc.’s Registration Statement on Form S-8 filed on May 11, 2026).

The company disclosed a new long-term incentive plan for 2026, which is a standard equity compensation program typically used to align employee and executive interests with shareholder value. The plan details are incorporated by reference from a separate S-8 registration statement filed on the same date.