Gulfport Energy (GPOR) director awarded 1,028 restricted shares vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cutt Timothy J. reported acquisition or exercise transactions in this Form 4 filing.
Gulfport Energy Corp director Timothy J. Cutt received a grant of 1,028 shares of common stock as equity compensation. The award was made at no cash cost per share and is structured as restricted stock under the company’s 2021 Stock Incentive Plan.
The restricted shares will vest in a single installment beginning on May 28, 2027, tying the director’s compensation to longer-term company performance. Following this grant, Cutt directly holds a total of 29,513 shares of Gulfport Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cutt Timothy J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,028 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,513 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,028 shares
Grant price: $0.00 per share
Post-grant holdings: 29,513 shares
+1 more
4 metrics
Restricted stock grant
1,028 shares
Award of common stock to director Timothy J. Cutt
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Post-grant holdings
29,513 shares
Total common stock held directly after the transaction
Vesting date
May 28, 2027
Restricted shares vest in one installment beginning on this date
Key Terms
restricted stock, 2021 Stock Incentive Plan, vest, equity compensation
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.
equity compensation financial
"shares of restricted stock granted under the 2021 Stock Incentive Plan"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What insider transaction did Gulfport Energy (GPOR) report for Timothy J. Cutt?
Gulfport Energy reported that director Timothy J. Cutt received a grant of 1,028 shares of restricted common stock. The award was granted at no cash cost per share and represents equity compensation rather than an open-market stock purchase or sale.
Is the latest Gulfport Energy (GPOR) Form 4 a stock buy or compensation grant?
The Form 4 reflects an equity compensation grant, not an open-market buy. Director Timothy J. Cutt was awarded 1,028 shares of restricted common stock under the 2021 Stock Incentive Plan at a price of $0.00 per share.
What plan governs the restricted stock grant to Gulfport Energy (GPOR) director Timothy J. Cutt?
The 1,028-share restricted stock award to Timothy J. Cutt was granted under Gulfport Energy’s 2021 Stock Incentive Plan. This plan provides for equity-based compensation, with the granted shares scheduled to vest in one installment beginning on May 28, 2027.