Ring Energy (REI) COO gets stock awards; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RING ENERGY, INC. executive vice president and chief operations officer Alexander Dyes reported equity compensation transactions in the company’s common stock. He received a grant of 317,460 restricted stock units that vest in equal annual installments over three years beginning on February 17, 2027, with each unit representing one share of common stock. He also acquired 121,547 shares issued upon vesting and settlement of a performance unit award under the long-term incentive plan. To cover related tax withholding obligations, 47,829 shares were withheld by the company at a price of $1.26 per share, leaving him with 1,239,290 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Dyes Alexander
Role
EVP Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317,460 | $0.00 | -- |
| Grant/Award | Common Stock | 121,547 | $0.00 | -- |
| Tax Withholding | Common Stock | 47,829 | $1.26 | $60K |
Holdings After Transaction:
Common Stock — 1,165,572 shares (Direct)
Footnotes (1)
- 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 Registrant. Shares of Common Stock issued by the Registrant to the reporting person arising from the vesting and settlement of a performance unit award granted under the Registrant's long-term incentive plan. Shares of Common Stock withheld by the Registrant to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award granted under the Registrant's long-term incentive plan.
FAQ
What equity awards did Ring Energy (REI) executive Alexander Dyes receive?
Alexander Dyes received 317,460 restricted stock units and 121,547 common shares from performance unit vesting. These transactions were made under Ring Energy’s long-term incentive plan and represent non-cash equity compensation rather than open-market purchases of stock.
How do Alexander Dyes’ new restricted stock units at Ring Energy (REI) vest?
The 317,460 restricted stock units vest in equal annual installments over three years starting February 17, 2027. Each unit corresponds to one Ring Energy common share, contingent on continued satisfaction of the terms in the restricted stock unit agreement.
What role does Alexander Dyes hold at Ring Energy (REI) in this Form 4 filing?
In this Form 4, Alexander Dyes is identified as an officer of Ring Energy, serving as executive vice president and chief operations officer. The transactions reported relate to his compensation awards granted under the company’s long-term incentive arrangements.