14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Matthew D Fitzgerald exercised stock options for 13,387 shares and disposed of 20,080 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. EXECUTIVE VP & CFO Philip A Choyce exercised stock options for 2,743 shares and disposed of 4,114 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Stacy Durbin Nieuwoudt exercised stock options for 13,387 shares and disposed of 20,080 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Daniel F Mcnease exercised stock options for 13,387 shares and disposed of 20,080 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. VP & CHIEF ACCOUNTING OFFICER Kathrine Kokenes exercised stock options for 214 shares and disposed of 321 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. exercised stock options for 7,376 shares and disposed of 11,064 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider James Minmier exercised stock options for 13,387 shares and disposed of 20,080 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. SR VICE PRESIDENT - OPERATIONS Philip Dalrymple exercised stock options for 1,273 shares and disposed of 1,909 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. SVP - SALES AND MARKETING Scott A. Keller exercised stock options for 647 shares and disposed of 970 shares.
14 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. VP & CHIEF ACCOUNTING OFFICER Kathrine Kokenes exercised stock options for 214 shares and disposed of 321 shares.
8 Feb 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 100,000 shares on the open market.
25 Jan 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 180,000 shares on the open market.
21 Jan 2022director interest notice● Neutral
Independence Contract Drilling, Inc. insider Stacy Durbin Nieuwoudt exercised stock options for 8,130 shares and disposed of 8,130 shares.
5 Jan 2022director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 50,000 shares on the open market.
28 Dec 2021director interest notice● Neutral
Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. had 1,604 shares withheld for taxes on vesting stock.
28 Dec 2021director interest notice● Neutral
Independence Contract Drilling, Inc. EXECUTIVE VP & CFO Philip A Choyce disposed of 990 shares via option/appreciation-right settlement.
28 Dec 2021director interest notice● Neutral
Independence Contract Drilling, Inc. VICE PRESIDENT - OPERATIONS Philip Dalrymple had 495 shares withheld for taxes on vesting stock.
27 Dec 2021director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 50,000 shares on the open market.
20 Dec 2021director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 300,000 shares on the open market.
16 Dec 2021capital raising announcement▼ Bad
The board authorised selling a further $5.9 million of shares through the existing at-the-market programme with Piper Sandler and Johnson Rice (about $7.5 million already sold in 2021). Proceeds could fund rig reactivations, the $4.6 million final Sidewinder merger payments due June 30, 2022 (including interest), debt repayment and capital spending. The company also ended the Tumim $5.0 million equity line effective December 14, 2021, after selling 1,144,000 shares to Tumim for about $4.2 million; this closes that thread, and the company says the termination is not material. Selling more shares dilutes existing holders.
16 Dec 2021securities registration● Neutral
Independence Contract Drilling, Inc. filed a prospectus supplement for an offering off its existing shelf.
2 Nov 2021quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $24.0 million and a net loss of $4.3 million for the period ended 2021-09-30.
2 Nov 2021quarterly activities report▼ Bad
Independence Contract Drilling, Inc. reported quarterly revenue of $24.0 million and a net loss of $4.3 million for the period ended 2021-09-30.
15 Oct 2021director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 50,000 shares on the open market.
13 Oct 2021director interest notice● Neutral
William Monroe became a Independence Contract Drilling, Inc. 10%+ owner and company insider (initial ownership filing).
13 Oct 2021director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe bought 430,000 shares on the open market.
13 Oct 2021director interest notice● Neutral
Independence Contract Drilling, Inc. 10%+ owner William Monroe acquired 350,587 shares and disposed of 15,687 in a set of related equity transactions.
4 Oct 2021material agreement● NeutralMajor
On September 28, 2021 the term loan was amended so the company could pay the October 1, 2021 interest in kind (added to the debt rather than paid in cash), which it elected on September 29; this reduces the $15 million accordion commitment by the amount paid in kind. An October 2021 investor presentation said it ended Q3 with 15 rigs operating, planned a 16th in October and a 17th at year-end, and expected about $30 million of financial liquidity at September 30, 2021 (including revolver, accordion and equity line availability).
4 Oct 2021director interest notice● Neutral
Independence Contract Drilling, Inc. PRESIDENT & CEO John A. Gallegos Jr. exercised stock options for 2,972 shares and disposed of 3,929 shares.
4 Oct 2021director interest notice● Neutral
Independence Contract Drilling, Inc. insider James Minmier exercised stock options for 354 shares and disposed of 354 shares.