Insider Filing: EOG Officer Donaldson Charitable Gift of 10k Shares
Rhea-AI Filing Summary
Form 4 snapshot – EOG Resources, Inc. (EOG)
On 06/18/2025, Executive Vice President, General Counsel & Corporate Secretary Michael P. Donaldson reported a transaction coded G, indicating a charitable gift. The filing shows that 10,000 shares of EOG common stock were transferred at a price of $0. Per the explanation, the shares were gifted by the reporting person’s wife to a donor-advised charitable fund.
Post-transaction ownership
- Directly held: 85,916.499 shares
- Indirectly held by spouse: 10,000 shares
- Indirectly held through Family Trust 1: 10,000 shares
- Indirectly held through Family Trust 2: 10,000 shares
- Indirectly held through Family Trust 3: 10,000 shares
No derivative securities were reported, and no other acquisitions or dispositions were disclosed. The filing was signed on 06/20/2025 by attorney-in-fact Michael E. Montifar.
This transaction reflects a philanthropic transfer rather than a market sale or purchase and therefore does not alter the company’s public float or provide immediate price-sensitive information for shareholders.
Positive
- None.
Negative
- None.
Insights
TL;DR: EVP gifted 10k shares; no cash sale, neutral signal.
The Form 4 discloses a Rule 10b5-1-compliant gift of 10,000 EOG shares by the spouse of EVP Michael P. Donaldson to a charitable donor-advised fund. Because the transaction is coded G, it is a non-market disposition executed at $0, implying no monetary gain and no direct insight into the executive’s valuation outlook. Following the transfer, Mr. Donaldson still controls 85,916.499 shares directly and a total of 40,000 shares indirectly via spouse and three family trusts, maintaining substantial exposure to EOG’s equity. No derivative positions were reported, and the filing contains no red flags such as pledging or accelerated sales. Overall, the event is administratively routine and unlikely to influence investor sentiment or the stock’s supply-demand dynamics.