Granite Ridge Resources (GRNT) grants CFO restricted stock and PSUs

Rhea-AI Filing Summary

Granite Ridge Resources, Inc. reported that Chief Financial Officer Ronald Kyle Kettler received new equity awards on February 9, 2026. He was granted 97,466 shares of restricted common stock under the 2022 Omnibus Incentive Plan that will fully vest on February 9, 2031.

He also received three separate performance stock unit grants of 97,466 units each. Each performance stock unit can convert into one share of common stock if the share price closes at or above specific hurdles of $7.00, $8.50, and $10.00 per share for 20 consecutive trading days.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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1. Name and Address of Reporting Person^*

Kettler Ronald Kyle

(Last) (First) (Middle)

5217 MCKINNEY AVENUE

SUITE 400

(Street)

DALLAS TX 75205

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Granite Ridge Resources, Inc. [ GRNT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share	02/09/2026		A		97,466(1)	A	$0	98,166	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Unit	(2)	02/09/2026(3)		A		97,466		(3)	12/31/2032	Common Stock, par value $0.0001 per share	97,466	$0	97,466	D
Performance Stock Unit	(2)	02/09/2026(4)		A		97,466		(4)	12/31/2032	Common Stock, par value $0.0001 per share	97,466	$0	194,932	D
Performance Stock Unit	(2)	02/09/2026(5)		A		97,466		(5)	12/31/2032	Common Stock, par value $0.0001 per share	97,466	$0	292,398	D

Explanation of Responses:

1. Represents a restricted stock award, granted under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan, which will fully vest on February 9, 2031.

2. Each performance stock unit represents a contingent right to receive one share of the Company's Common Stock.

3. Represents grant of performance stock unit under the Company's 2022 Omnibus Incentive Plan. The award is eligible to vest and convert to one share of the Company's Common Stock for each performance stock unit following the 20th consecutive trading day of the Company's Common Stock closing at a price at or above $7.00 per share.

4. Represents grant of performance stock unit under the Company's 2022 Omnibus Incentive Plan. The award is eligible to vest and convert to one share of the Company's Common Stock for each performance stock unit following the 20th consecutive trading day of the Company's Common Stock closing at a price at or above $8.50 per share.

5. Represents grant of performance stock unit under the Company's 2022 Omnibus Incentive Plan. The award is eligible to vest and convert to one share of the Company's Common Stock for each performance stock unit following the 20th consecutive trading day of the Company's Common Stock closing at a price at or above $10.00 per share.

Remarks:

	/s/ Emily Fuquay, by power of attorney for Ronald Kyle Kettler	02/24/2026
	** Signature of Reporting Person	Date
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FAQ

What did Granite Ridge Resources (GRNT) disclose in this Form 4 filing?

Granite Ridge Resources disclosed that CFO Ronald Kyle Kettler received new equity awards, including restricted stock and performance stock units. These awards are part of the company’s 2022 Omnibus Incentive Plan and are structured to vest over time and upon specific stock price performance conditions.

How many restricted Granite Ridge (GRNT) shares were granted to the CFO?

The CFO received a restricted stock award of 97,466 Granite Ridge common shares. This grant was made under the 2022 Omnibus Incentive Plan and is scheduled to fully vest on February 9, 2031, aligning long-term incentives with the company’s future performance and retention goals.

What performance stock unit awards did Granite Ridge (GRNT) grant to its CFO?

Granite Ridge granted three performance stock unit awards of 97,466 units each to its CFO. Each unit represents a contingent right to receive one common share, subject to stock price performance hurdles and a requirement that those price levels be maintained for 20 consecutive trading days.

What are the vesting conditions for the Granite Ridge (GRNT) performance stock units?

Each performance stock unit award can vest and convert into one common share once the stock closes at or above $7.00, $8.50, or $10.00 per share, respectively, for 20 consecutive trading days. These conditions directly tie executive equity rewards to sustained share price performance.

Under which plan were the Granite Ridge (GRNT) equity awards to the CFO granted?

All reported equity awards to the CFO were granted under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan. This plan authorizes the company to issue restricted stock and performance stock units to align key executives’ compensation with shareholder value and long-term company performance.