The estimated Net Worth of David Nierenberg is at least $22 million dollars as of 14 December 2023. Mr. Nierenberg owns over 19,481 units of Flotek Industries Inc stock worth over $216,540 and over the last 22 years he sold FTK stock worth over $21,563,242. In addition, he makes $179,667 as Independent Director at Flotek Industries Inc.
David has made over 48 trades of the Flotek Industries Inc stock since 2003, according to the Form 4 filled with the SEC. Most recently he bought 19,481 units of FTK stock worth $72,469 on 14 December 2023.
The largest trade he's ever made was buying 1,000,000 units of Flotek Industries Inc stock on 11 March 2020 worth over $970,000. On average, David trades about 84,521 units every 94 days since 2003. As of 14 December 2023 he still owns at least 47,907 units of Flotek Industries Inc stock.
You can see the complete history of Mr. Nierenberg stock trades at the bottom of the page.
David Nierenberg J.D. serves as Independent Director of the Company. He joined the Board as a Director in June 2018. Mr. Nierenberg has been a member of the Compensation Committee and Corporate Governance and Nominating Committee since June 2018. Since January 1996, Mr. Nierenberg has served as the President of Nierenberg Investment Management Company, Inc. (“NIMCO”), which manages the D3 Family Funds. Several of the D3 Family Funds are stockholders of the Company. Before founding NIMCO in 1996, Mr. Nierenberg was a General Partner at Trinity Ventures, a venture capital fund. Mr. Nierenberg began his career at Bain & Company Inc., where he was a Partner, managing strategy, acquisition, and cost reduction projects. He serves as Chair for the Advisory Board of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School. Mr. Nierenberg chairs the Research Advisory Council of Glass, Lewis & Co. He is also a member of the board of the Washington State Investment Board, Riverview Bancorp (NYSE: RVSB), Rosetta Stone (NYSE: RST), The National WWII Museum, STAND for Children, and IRAP. Mr. Nierenberg previously served as a director for Electro Scientific Industries, Inc. (NASDAQ: ESIO) and Radisys Corporation (NASDAQ: RSYS). Mr. Nierenberg received his Juris Doctor from Yale Law School and his B.A. in History, summa cum laude, from Yale College.
As the Independent Director of Flotek Industries Inc, the total compensation of David Nierenberg at Flotek Industries Inc is $179,667. There are 4 executives at Flotek Industries Inc getting paid more, with James Silas having the highest compensation of $511,846.
David Nierenberg is 66, he's been the Independent Director of Flotek Industries Inc since 2020. There are 1 older and 14 younger executives at Flotek Industries Inc. The oldest executive at Flotek Industries Inc is Dr. Glenn S. Penny Ph.D., 71, who is the Director of Technology.
David's mailing address filed with the SEC is 5775 N. SAM HOUSTON PARKWAY W., STE 400, HOUSTON, TX, 77086.
Over the last 23 years, insiders at Flotek Industries Inc have traded over $64,326,492 worth of Flotek Industries Inc stock and bought 6,142,780 units worth $9,576,179 . The most active insiders traders include David Nierenberg, John Chisholm et Holding Corp.Pro Frac Holdi.... On average, Flotek Industries Inc executives and independent directors trade stock every 30 days with the average trade being worth of $232,436. The most recent stock trade was executed by David Nierenberg on 14 December 2023, trading 19,481 units of FTK stock currently worth $72,469.
chemical & logistics division develops, manufactures and sells specialty chemicals used in oil and gas well stimulation, cementing and blending. drilling products division designs, manufactures, repairs, markets and installs downhole drilling tools utilized in oilfield, mining, and water industries. artificial lift division provides pumping system components including electric submersible pumps or esps, gas separators, production valves.
Flotek Industries Inc executives and other stock owners filed with the SEC include: