Magnolia Oil & Gas director granted 6,320 RSUs
DJEREJIAN EDWARD P reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
DJEREJIAN EDWARD P reported acquisition or exercise transactions in this Form 4 filing.
Magnolia Oil & Gas Corp director Edward P. Djerejian received an equity award of 6,320 restricted stock units (RSUs) of Class A common stock. The award was granted at no cash cost to him as part of the company’s Long Term Incentive Plan.
Each RSU represents a right to receive one share of Class A common stock, subject to vesting. The RSUs vest on the earlier of the day before the next annual stockholder meeting at which directors are elected or the first anniversary of the grant date, assuming he continues to serve as a director. Following this grant, he directly holds 116,745 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,320 | $0.00 | $0.00 |
Footnotes (1)
- F1. Reflects restricted stock units ("RSUs") granted under the Magnolia Oil & Gas Corporation Long Term Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Class A common stock ("Class A Common Stock") of Magnolia Oil & Gas Corporation (the "Company"). The RSUs will vest on the earlier of (a) the day preceding the next annual meeting of stockholders of the Company at which directors are elected, or (b) the first anniversary of the grant date, in each case, subject to the director's continued service through the applicable vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
Long Term Incentive Plan financial
contingent right financial
Class A common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Magnolia Oil & Gas (MGY) report for Edward P. Djerejian?
What are the vesting terms of the Magnolia Oil & Gas (MGY) RSUs granted to Edward P. Djerejian?
Are the RSUs granted to Edward P. Djerejian an open-market purchase of Magnolia Oil & Gas (MGY) stock?
What plan governs the RSU award reported for Magnolia Oil & Gas (MGY) director Edward P. Djerejian?
AI-generated analysis. How Rhea-AI works. Not financial advice.