Gulfport Energy (GPOR) CFO has 1,480 RSU shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gulfport Energy Corporation EVP & CFO Michael L. Hodges had 1,480 shares of common stock withheld at $207.00 per share to cover tax obligations on vested restricted stock units. These shares were previously granted under the company’s equity incentive plan and were not sold on the open market.
After this tax-withholding disposition, Hodges directly holds 16,993 shares of Gulfport Energy common stock. The event reflects routine settlement of equity-based compensation rather than an active decision to buy or sell shares in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HODGES MICHAEL L
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,480 | $207.00 | $306K |
Holdings After Transaction:
Common Stock — 16,993 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,480 shares
Tax-withholding share price: $207.00 per share
Shares held after transaction: 16,993 shares
3 metrics
Shares withheld for taxes
1,480 shares
Common Stock, tax-withholding disposition on vested RSUs
Tax-withholding share price
$207.00 per share
Value applied to withheld Gulfport Energy common shares
Shares held after transaction
16,993 shares
Direct holdings of Michael L. Hodges after Form 4 event
Key Terms
restricted stock units, equity incentive plan, tax withholding obligations, tax-withholding disposition
4 terms
restricted stock units financial
"These shares represent vested restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plan financial
"previously granted to the reporting person under the Issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax withholding obligations financial
"withheld by Gulfport Energy Corporation to satisfy tax withholding obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did GPOR EVP & CFO Michael Hodges report?
EVP & CFO Michael Hodges reported a tax-withholding disposition of 1,480 Gulfport Energy common shares at $207.00 each. The shares were withheld to satisfy taxes due on vested restricted stock units granted under the company’s equity incentive plan.