Magnolia Oil & Gas (MGY) CEO uses 42,863 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnolia Oil & Gas Corp CEO and Chairman Christopher G. Stavros reported a tax-withholding disposition of 42,863 shares of Class A common stock at $28.55 per share. This reflects shares withheld to cover tax obligations rather than an open-market sale, leaving him with 1,003,546 shares held directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stavros Christopher G
Role
CEO & CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 42,863 | $28.55 | $1.22M |
Holdings After Transaction:
Class A Common Stock — 1,003,546 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Magnolia Oil & Gas (MGY) report on this Form 4?
Magnolia Oil & Gas reported a Form 4 for CEO and Chairman Christopher G. Stavros showing a tax-withholding disposition of 42,863 shares of Class A common stock at $28.55 per share, executed to satisfy tax obligations rather than as an open-market sale.
What does transaction code “F” mean in the Magnolia Oil & Gas (MGY) Form 4?
Transaction code “F” on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. Here, 42,863 Magnolia Oil & Gas Class A shares were used to satisfy tax obligations at a reference price of $28.55 per share.
Who is the insider involved in this Magnolia Oil & Gas (MGY) Form 4 filing?
The insider is Christopher G. Stavros, CEO and Chairman of Magnolia Oil & Gas. He reported a non-derivative transaction involving a tax-withholding disposition of 42,863 Class A common stock shares while retaining 1,003,546 shares directly afterward.