Empire Petroleum (EP) CEO gets 16,609 shares via in-kind distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EMPIRE PETROLEUM CORP President & CEO Michael R. Morrisett reported an internal restructuring-type transaction involving the company’s common stock. A fund made an in-kind distribution that transferred 16,609 shares of Empire Petroleum common stock to Morrisett for no cash consideration. Following this distribution, he directly holds 362,697 common shares, indicating the event was a relatively small, non-market change in his overall ownership rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morrisett Michael R.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 16,609 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 362,697 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
In-kind distribution shares: 16,609 shares
Post-transaction holdings: 362,697 shares
2 metrics
In-kind distribution shares
16,609 shares
Common Stock received in restructuring-type transaction
Post-transaction holdings
362,697 shares
Direct common stock owned after transaction
Key Terms
in-kind distribution, Form 4, other acquisition or disposition, Common Stock
4 terms
in-kind distribution financial
"A fund made an in-kind distribution of shares of the Issuer"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Empire Petroleum (EP) CEO Michael R. Morrisett report?
Michael R. Morrisett reported an internal restructuring-type transaction on Empire Petroleum common stock. A fund made an in-kind distribution that transferred 16,609 shares of the company to him, recorded as an “other” transaction rather than a market purchase or sale.
What are Michael R. Morrisett’s Empire Petroleum (EP) holdings after the reported transaction?
After the transaction, Michael R. Morrisett directly holds 362,697 shares of Empire Petroleum common stock. This post-transaction figure in the Form 4 helps investors gauge the scale of the restructuring event relative to his overall direct ownership position in the company.
Was the Empire Petroleum (EP) CEO’s Form 4 transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It is coded as “J” and described as an “other acquisition or disposition,” reflecting an in-kind distribution from a fund to investors, including the CEO, with no cash changing hands in the transaction.
What does the in-kind distribution in Empire Petroleum (EP) CEO’s filing mean?
An in-kind distribution means a fund distributed actual Empire Petroleum shares directly to its investors instead of cash. In this case, the fund transferred 16,609 shares to Michael R. Morrisett for no consideration, changing how he holds shares without a market trade occurring.