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

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Kettler Ronald Kyle
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Performance Stock Unit 97,466 $0.00 --
Grant/Award Performance Stock Unit 97,466 $0.00 --
Grant/Award Performance Stock Unit 97,466 $0.00 --
Grant/Award Common Stock, par value $0.0001 per share 97,466 $0.00 --
Holdings After Transaction: Performance Stock Unit — 97,466 shares (Direct); Common Stock, par value $0.0001 per share — 98,166 shares (Direct)
Footnotes (1)
  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. Each performance stock unit represents a contingent right to receive one share of the Company's Common Stock. 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. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

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.