Gulfport Energy (GPOR) SVP reports share sale, tax withholdings and award
Rhea-AI Filing Summary
Gulfport Energy senior vice president of reservoir engineering Michael Sluiter reported several common stock transactions. He received a grant of 2,397 shares of restricted stock under the 2021 Stock Incentive Plan, which will vest in three approximately equal annual installments beginning on March 1, 2027.
On a separate date, he made an open-market sale of 9,933 common shares at a price of $210.00 per share. Two additional transactions were tax-withholding dispositions, where 838 shares at $208.66 per share and 894 shares at $209.13 per share were withheld to cover tax obligations tied to vested restricted stock units. After these transactions, he directly owned 11,086 common shares.
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Insights
Executive reported a stock award, an open-market sale, and tax-related share withholdings, resulting in a net reduction of directly held shares.
Michael Sluiter, a senior vice president at Gulfport Energy, reported a grant of 2,397 restricted shares that vest in three annual installments starting on March 1, 2027. This equity award under the 2021 Stock Incentive Plan increases his long-term, performance-linked exposure to the company.
He also completed an open-market sale of 9,933 common shares at $210.00 per share, alongside two tax-withholding dispositions of 838 and 894 shares at prices above $208 per share. These tax-related transactions settled obligations on vested restricted stock units rather than being discretionary sales.
Following all reported activity, his direct holdings stood at 11,086 common shares. The net effect is a reduction in directly held shares despite the new award, with future vesting beginning on March 1, 2027. Overall, the mix of compensation-related awards, tax withholding, and a single open-market sale appears consistent with routine executive equity management.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 894 | $209.13 | $187K |
| Sale | Common Stock | 9,933 | $210.00 | $2.09M |
| Grant/Award | Common Stock | 2,397 | $0.00 | -- |
| Tax Withholding | Common Stock | 838 | $208.66 | $175K |
Footnotes (1)
- Amount represents the number of shares of restricted stock granted under the 2021 Stock Incentive Plan. The shares will vest in three approximately equal annual installments beginning on March 1, 2027. These shares represent vested restricted stock units previously granted to the reporting person under the Issuer's equity incentive plan and were withheld by Gulfport Energy Corporation to satisfy tax withholding obligations due upon settlement of such restricted stock units.