Gulfport Energy (NASDAQ: GPOR) SVP receives 1,307-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLUITER MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Gulfport Energy Corp senior vice president of reservoir engineering Michael Sluiter received a grant of 1,307 shares of common stock as equity compensation. These shares are described as restricted stock granted under the company’s 2021 Stock Incentive Plan and will vest in a single installment beginning on May 28, 2027. Following this award, Sluiter directly holds a total of 10,338 shares of Gulfport Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SLUITER MICHAEL
Role
SVP of Reservoir Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,307 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,338 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,307 shares
Grant price: $0.00 per share
Post-transaction holdings: 10,338 shares
+1 more
4 metrics
Restricted stock grant
1,307 shares
Grant of common stock under 2021 Stock Incentive Plan
Grant price
$0.00 per share
Reported transaction price for restricted stock award
Post-transaction holdings
10,338 shares
Total common stock held directly after grant
Vesting date
May 28, 2027
Restricted shares vest in one installment beginning on this date
Key Terms
restricted stock, 2021 Stock Incentive Plan, vest, grant/award acquisition
4 terms
restricted stock financial
"Amount represents the number of shares of restricted stock granted under the 2021 Stock Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2021 Stock Incentive Plan financial
"shares of restricted stock granted under the 2021 Stock Incentive Plan."
vest financial
"The shares will vest in one installment beginning on May 28, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant/award acquisition financial
"transaction_action: grant/award acquisition"
FAQ
What insider transaction did GPOR executive Michael Sluiter report on this Form 4?
Michael Sluiter reported an acquisition of 1,307 shares of Gulfport Energy common stock. The filing shows this was a grant of restricted stock under the 2021 Stock Incentive Plan, rather than an open-market purchase for cash.
Was the GPOR insider transaction a stock purchase or an equity grant?
The GPOR insider transaction was an equity grant, not a market purchase. Sluiter received 1,307 restricted shares at a reported price of $0.00 per share, consistent with compensation awards under the company’s 2021 Stock Incentive Plan.
What plan governs Michael Sluiter’s new restricted stock award at GPOR?
The award is granted under Gulfport Energy’s 2021 Stock Incentive Plan. This plan provides for equity-based compensation, such as restricted stock, to executives and employees, with vesting conditions like the single installment vesting beginning May 28, 2027.