Ring Energy CFO receives 317,460 share RSU grant
Johl Sundip Singh reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Johl Sundip Singh reported acquisition or exercise transactions in this Form 4 filing.
RING ENERGY, INC. executive vice president and chief financial officer Sundip Singh Johl reported an equity compensation grant in the form of restricted stock units covering 317,460 shares of common stock. The award was recorded at a per-share price of $0.0000, consistent with a no-cash, compensatory grant.
The restricted stock unit inducement award vests in equal annual installments over three years, with the first vesting date on March 5, 2027, subject to the terms of the award agreement. Each unit represents the contingent 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 inducement award vests on an equal annual basis over a three-year period with the first vesting date on March 5, 2027, subject to the terms of the restricted stock unit inducement award 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) disclose for Sundip Singh Johl?
When do Sundip Singh Johl’s Ring Energy (REI) restricted stock units start vesting?
What type of equity instrument did Ring Energy (REI) grant to its CFO?
Is cash involved in the Ring Energy (REI) CFO’s recent equity award transaction?
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