Ring Energy (REI) EVP has shares withheld to cover RSU tax bill
Rhea-AI Filing Summary
Ring Energy executive James J. Parr reported a tax-related share disposition. On the reported date, 26,863 shares of Ring Energy common stock were withheld at a price of $1.21 per share to cover tax withholding obligations arising from the settlement of a restricted stock unit award under the company’s long-term incentive plan. After this tax-withholding disposition, Parr directly owned 229,888 shares of Ring Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,863 shares
Net Sell
1 txn
Insider
Parr James J.
Role
EVP, Chief Exploration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 26,863 | $1.21 | $33K |
Holdings After Transaction:
Common Stock — 229,888 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.
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FAQ
What insider transaction did James J. Parr report for RING ENERGY, INC. (REI)?
James J. Parr reported a tax-withholding disposition of 26,863 shares of Ring Energy common stock at $1.21 per share. The shares were withheld by the company to satisfy tax obligations from a restricted stock unit award settlement.
Was James J. Parr’s Form 4 transaction in REI an open market sale?
The transaction was not an open market sale but a tax-withholding disposition coded “F.” Shares were withheld by Ring Energy to cover Parr’s tax liability from settling a restricted stock unit award under the long-term incentive plan.
What role does James J. Parr hold at RING ENERGY, INC. (REI)?
James J. Parr serves as Executive Vice President and Chief Exploration Officer at Ring Energy. His position and insider status require reporting equity transactions, such as the tax-withholding disposition related to his restricted stock unit award, on Form 4.