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Granite Ridge (GRNT) director receives 3,194-share stock grant as Board pay

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Miller Matthew Reade reported acquisition or exercise transactions in this Form 4 filing.

Granite Ridge Resources director Matthew Reade Miller received a stock award of 3,194 common shares as compensation for Board service. The shares were issued for the quarter ended March 31, 2026, in lieu of his cash retainer, based on the closing stock price on March 31, 2026.

Following this grant, he holds 1,332,033 common shares directly.

Positive

  • None.

Negative

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Insider Miller Matthew Reade
Role Director
Type Security Shares Price Value
Grant/Award Common Stock, par value $0.0001 per share 3,194 $0.00 --
Holdings After Transaction: Common Stock, par value $0.0001 per share — 1,332,033 shares (Direct)
Footnotes (1)
  1. [object Object]
Stock grant 3,194 shares Common stock awarded for Board service quarter ended March 31, 2026
Post-transaction holdings 1,332,033 shares Common shares directly held by director after grant
Grant price per share $0.0000 reported Form 4 transaction price field for the 3,194-share award
Board of Directors compensation plan financial
"Pursuant to the issuer's Board of Directors compensation plan, the reporting person elected"
stock in lieu of the cash compensation retainer financial
"elected to receive stock in lieu of the cash compensation retainer for Board service"
quarter ended March 31, 2026 financial
"cash compensation retainer for Board service for the quarter ended March 31, 2026."
closing price of the common stock financial
"shares issued were calculated based on the closing price of the common stock"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Miller Matthew Reade
(Last)(First)(Middle)
5217 MCKINNEY AVE., SUITE 400
(Street)
DALLAS TEXAS 75205
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Granite Ridge Resources, Inc. [ GRNT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0001 per share03/31/2026A3,194A$0(1)1,332,033D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Pursuant to the issuer's Board of Directors compensation plan, the reporting person elected to receive stock in lieu of the cash compensation retainer for Board service for the quarter ended March 31, 2026. The number of shares issued were calculated based on the closing price of the common stock on March 31, 2026.
Remarks:
/s/ Emily Fuquay, by power of attorney for Matthew R. Miller04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Granite Ridge Resources (GRNT) report?

Granite Ridge Resources reported that director Matthew Reade Miller received 3,194 shares of common stock as a grant. This award represents Board compensation for the quarter ended March 31, 2026, issued in stock instead of a cash retainer based on the March 31 closing price.

Why did Matthew Reade Miller receive Granite Ridge Resources (GRNT) stock?

Matthew Reade Miller elected to receive stock in lieu of his cash compensation retainer for Board service. Under the company’s Board compensation plan, he was issued 3,194 common shares for the quarter ended March 31, 2026, calculated using the March 31, 2026 closing price.

How many Granite Ridge Resources (GRNT) shares were granted to the director?

The director received a grant of 3,194 shares of Granite Ridge Resources common stock. These shares were issued as non-cash compensation for Board service during the quarter ended March 31, 2026, instead of his regular cash retainer under the Board’s compensation plan.

What is Matthew Reade Miller’s Granite Ridge Resources (GRNT) shareholding after the grant?

After the stock grant, Matthew Reade Miller directly holds 1,332,033 shares of Granite Ridge Resources common stock. This total includes the 3,194 shares awarded for Board service in the quarter ended March 31, 2026, which were received instead of a cash retainer.

Was the Granite Ridge Resources (GRNT) director’s stock award an open-market purchase?

No, the transaction was not an open-market purchase. The 3,194 shares were granted as compensation under the Board of Directors compensation plan. He elected to receive stock instead of a cash retainer for the quarter ended March 31, 2026, using the March 31 closing price.

How was the number of Granite Ridge Resources (GRNT) shares in the grant determined?

The number of shares, 3,194, was calculated based on the closing price of Granite Ridge Resources common stock on March 31, 2026. This formula converted the director’s quarterly Board cash retainer into an equivalent value paid in stock as compensation.