Ring Energy (REI) CEO logs 1.5M-share equity awards and tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ring Energy, Inc. CEO and Chairman Paul D. McKinney reported equity compensation changes in the form of stock-based awards and related tax withholding. He acquired a total of 1,511,499 shares of common stock at no cost through grant or award transactions, and 220,014 shares were withheld at $1.26 per share to cover tax obligations tied to a performance unit award. Following these transactions, he directly owned 4,108,463 common shares. A related restricted stock unit award vests in equal annual installments over three years beginning on February 17, 2027, under the company’s long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McKinney Paul D.
Role
CEO and Chairman of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 952,381 | $0.00 | -- |
| Grant/Award | Common Stock | 559,118 | $0.00 | -- |
| Tax Withholding | Common Stock | 220,014 | $1.26 | $277K |
Holdings After Transaction:
Common Stock — 3,769,359 shares (Direct)
Footnotes (1)
- This restricted stock unit award vests on an equal annual basis over a three-year period with the first vesting date on February 17, 2027, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of common stock of the Registrant. Shares of Common Stock issued by the Registrant to the reporting person arising from the vesting and settlement of a performance unit award granted under the Registrant's long-term incentive plan. Shares of Common Stock withheld by the Registrant to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award granted under the Registrant's long-term incentive plan.