Prairie Operating CFO reports tax-related share withholding
Prairie Operating Co. EVP and CFO Gregory Scott Patton reported a small share disposition related to tax withholding.
Rhea-AI Filing Summary
Prairie Operating Co. EVP and CFO Gregory Scott Patton reported a small share disposition related to tax withholding. On the vesting of restricted stock, 733 shares of common stock were withheld at $1.60 per share to satisfy tax obligations, rather than sold in the open market. After this tax-withholding disposition, he directly holds 788,203 shares of Prairie Operating Co. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 733 shares
Exercise Price or Tax Liability
1 txn
Insider
Patton Gregory Scott
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 733 | $1.60 | $1K |
Holdings After Transaction:
Common Stock — 788,203 shares (Direct)
Footnotes (1)
- F1. Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations.
FAQ
What insider transaction did Prairie Operating Co. (PROP) report for Gregory Scott Patton?
Prairie Operating Co. reported that EVP and CFO Gregory Scott Patton had 733 common shares withheld to cover taxes upon vesting of restricted stock. This tax-withholding disposition was not an open-market sale and left him with 788,203 directly held shares.
What does transaction code "F" mean in the PROP Form 4 filing?
Transaction code "F" indicates a tax-related disposition of shares. In this case, 733 Prairie Operating Co. shares were withheld upon vesting of restricted stock to satisfy tax withholding obligations, rather than being sold voluntarily in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.