Ring Energy (REI) SVP uses stock withholding to cover tax liability
Rhea-AI Filing Summary
RING ENERGY, INC. Senior VP of Operations Shawn D. Young reported three transactions where shares were withheld to cover tax obligations from restricted stock unit settlements under the long-term incentive plan. On February 16, 14,080 common shares at $1.27 per share were withheld, leaving him with 197,487 directly owned shares, with similar tax-withholding dispositions on February 12 and 13.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,421 shares
Net Sell
3 txns
Insider
Young Shawn D.
Role
Senior VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 14,080 | $1.27 | $18K |
| Exercise Price or Tax Liability | Common Stock | 14,361 | $1.27 | $18K |
| Exercise Price or Tax Liability | Common Stock | 11,980 | $1.21 | $14K |
Holdings After Transaction:
Common Stock — 197,487 shares (Direct)
Footnotes (1)
- F1. Shares of Common Stock withheld by the Registrant to cover tax withholding obligations of the reporting person arising from the settlement of a restricted stock unit award granted under the Registrant's long-term incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did REI executive Shawn D. Young report in this Form 4?
Shawn D. Young reported three dispositions of Ring Energy common stock. The transactions reflect shares withheld by the company to cover tax obligations from settling restricted stock units under its long-term incentive plan, rather than open-market sales.
What transaction code is used in the REI Form 4 and what does it mean?
The transactions use code F, which indicates payment of exercise price or tax liability by delivering securities. In this case, Ring Energy withheld common shares from restricted stock unit settlements to satisfy Shawn D. Young’s related tax obligations.