Granite Ridge Resources (GRNT) director granted shares and restricted stock award
Rhea-AI Filing Summary
Granite Ridge Resources, Inc. director reported receiving company stock as part of Board compensation and a new restricted stock award. On December 31, 2025, the director acquired 3,989 shares of common stock at a stated price of $0, electing to receive stock in lieu of the cash retainer for Board service for the quarter ended December 31, 2025; the number of shares was calculated using the common stock closing price on that date.
On January 2, 2026, the director received a restricted stock award of 16,026 shares under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan, which will fully vest on January 2, 2027. Following these transactions, the director beneficially owned 1,318,181 shares of common stock in direct ownership.
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FAQ
What insider activity did Granite Ridge Resources (GRNT) report in this filing?
The filing reports that a director of Granite Ridge Resources, Inc. acquired common stock as Board compensation and received a new restricted stock award.
How many Granite Ridge (GRNT) shares did the director receive as Board compensation?
For the quarter ended December 31, 2025, the director elected to receive 3,989 shares of common stock in lieu of a cash retainer, with the share amount based on the common stock closing price on December 31, 2025.
What is the size and vesting schedule of the Granite Ridge (GRNT) restricted stock award?
The director received a restricted stock award of 16,026 shares of common stock on January 2, 2026, granted under the 2022 Omnibus Incentive Plan, which will fully vest on January 2, 2027.
What is the director's total beneficial ownership in Granite Ridge (GRNT) after these transactions?
After the reported transactions, the director beneficially owned 1,318,181 shares of Granite Ridge Resources, Inc. common stock in direct ownership.
Were these Granite Ridge (GRNT) share acquisitions open-market purchases?
No. One transaction reflects stock received in lieu of a cash Board retainer, and the other is a restricted stock award granted under the company’s 2022 Omnibus Incentive Plan.
What is the par value and class of the Granite Ridge (GRNT) shares involved?
The transactions involve Common Stock, par value $0.0001 per share of Granite Ridge Resources, Inc.