Ring Energy (REI) COO gets stock awards; shares withheld for taxes
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317,460 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 121,547 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 47,829 | $1.26 | $60K |
Footnotes (3)
- 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 Registrant.
- F2. 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.
- F3. 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.
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