Ring Energy (REI) EVP James J. Parr awarded 317,460 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Parr James J.
Role
EVP, Chief Exploration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317,460 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 547,348 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ring Energy (REI) report for James J. Parr?
Ring Energy reported that EVP and Chief Exploration Officer James J. Parr received a grant of 317,460 restricted stock units. These units convert into common shares as they vest over time, aligning part of his compensation with the company’s equity performance.
What are the vesting terms of James J. Parr’s new Ring Energy (REI) restricted stock units?
The restricted stock unit award to James J. Parr vests in equal annual installments over three years. The first vesting date is February 17, 2027, and each vested unit entitles him to receive one share of Ring Energy common stock.
What does a restricted stock unit grant mean for Ring Energy (REI) executives?
A restricted stock unit grant gives an executive the right to receive company shares over time, subject to vesting. For Ring Energy, James J. Parr’s 317,460-unit award ties part of his compensation to future stock performance and continued service.