Ring Energy EVP granted 317,460 stock units
RING ENERGY, INC. executive James J. Parr, EVP and Chief Exploration Officer, reported an equity award on common stock.
Rhea-AI Filing Summary
RING ENERGY, INC. executive James J. Parr, EVP and Chief Exploration Officer, reported an equity award on common stock. He acquired 317,460 shares through a restricted stock unit grant with no cash paid per share, increasing his directly held common stock to 547,348 shares after the award.
The restricted stock units vest in equal annual installments over three years, with the first vesting date on February 17, 2027, under the terms of the restricted stock unit agreement. Each unit represents the right to receive one share of Ring Energy common stock as it vests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317,460 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 Issuer.
FAQ
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What insider transaction did Ring Energy (REI) report for James J. Parr?
What are the vesting terms of James J. Parr’s new Ring Energy (REI) restricted stock units?
What does a restricted stock unit grant mean for Ring Energy (REI) executives?
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