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Matthew Lanigan, President and CEO of NPK International Inc. (EXCHANGE:NPKI), sold 1,000 shares of common stock on September 3, 2025, at a price of $10.38 per share, for a total of $10,380. The sale comes as the stock trades near its 52-week high of $10.63, having delivered an impressive 92% return over the past six months, according to InvestingPro data.
On the same day, Lanigan also exercised options to acquire 1,000 shares of NPK International at $4.32 per share, for a total value of $4320. The shares were then sold.
Following the sale, Lanigan directly owns 1,095,913 shares of NPK International.
The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on May 23, 2025. For deeper insights into NPKI’s valuation and 12 additional ProTips, including financial health metrics and growth indicators, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, NPK International Inc. has secured a new $150 million revolving loan credit agreement. This agreement, effective June 20, 2025, replaces the company’s previous asset-based revolving credit facility. The five-year loan includes an accordion feature, which allows for an expansion of the facility up to $250 million if needed. Interest rates for the revolving loans will be based on either Term SOFR plus 175 to 225 basis points or Base Rate plus 75 to 125 basis points. The applicable margin for these rates will be determined by NPK International’s consolidated leverage ratio. These developments reflect the company’s strategic financial planning and resource management.
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