Magnolia Oil & Gas director granted 6,320 RSUs
LARSON JAMES R reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
LARSON JAMES R reported acquisition or exercise transactions in this Form 4 filing.
Magnolia Oil & Gas Corp director James R. Larson received an equity award of 6,320 restricted stock units (RSUs) of Class A Common Stock. The RSUs were granted at no cash cost as part of the company’s Long Term Incentive Plan and increase his direct holdings to 97,295 shares.
Each RSU represents the right to receive one share of Class A Common Stock. The award will 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, if he continues serving as a director through that date.
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 financial
Long Term Incentive Plan financial
Class A Common Stock financial
contingent right financial
vesting date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Magnolia Oil & Gas (MGY) report for James R. Larson?
What are the vesting terms of the RSUs granted to the Magnolia Oil & Gas (MGY) director?
What does each RSU represent in the Magnolia Oil & Gas (MGY) Form 4 filing?
Was there any cash paid for the RSUs in the Magnolia Oil & Gas (MGY) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.