Northern Oil & Gas (NOG) CTO reports tax-related stock surrender on Form 4
Rhea-AI Filing Summary
Northern Oil & Gas, Inc. reported that its Chief Technical Officer completed an administrative share transaction involving company stock. On 12/29/2025, the officer surrendered 4,978 shares of common stock in a transaction coded "F," which the company explains was to pay taxes due when restricted stock vested. The price used for the surrendered shares was $21.9, reflecting the last closing price of the common stock on or before the surrender date.
Following this tax-related disposition, the officer directly beneficially owned 69,419 shares of Northern Oil & Gas common stock. The filing indicates this was a routine equity award and tax withholding event rather than an open-market sale for investment purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,978 | $21.90 | $109K |
Footnotes (1)
- Surrender of shares to pay taxes payable upon vesting of restricted stock. Reflects the last closing price of the company's common stock on or before the date the shares were surrendered.
FAQ
What insider transaction did Northern Oil & Gas (NOG) report in this Form 4?
The Chief Technical Officer of Northern Oil & Gas, Inc. reported surrendering 4,978 shares of common stock on 12/29/2025 in a transaction coded "F" to cover taxes upon the vesting of restricted stock.
What does transaction code "F" mean in the Northern Oil & Gas (NOG) Form 4?
The transaction was coded "F", which in this context is explained as a surrender of shares to pay taxes due when restricted stock vested, rather than a discretionary open-market sale.
Is the Northern Oil & Gas (NOG) insider transaction part of a 10b5-1 trading plan?
The form includes a checkbox to indicate if a transaction was made under a Rule 10b5-1 plan, but the excerpt does not show that box marked for this transaction.