Director at Ring Energy (REI) receives 119,048-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARRIS RICHARD E reported acquisition or exercise transactions in this Form 4 filing.
RING ENERGY, INC. director Richard E. Harris received an equity grant of 119,048 shares of common stock on February 17, 2026, at a stated price of $0.00 per share, as a restricted stock unit award. The award vests on February 17, 2027, and his direct holdings after the award are 505,773 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HARRIS RICHARD E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 119,048 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 505,773 shares (Direct)
Footnotes (1)
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FAQ
What did REI director Richard E. Harris report on this Form 4?
Richard E. Harris reported receiving a grant of 119,048 shares of Ring Energy common stock as a restricted stock unit award. The grant was recorded at a price of $0.00 per share and increased his direct holdings to 505,773 shares.
Was the REI insider transaction a stock purchase or a grant?
The REI insider transaction was a grant, not a market purchase. Richard E. Harris received 119,048 restricted stock units as a compensation award, recorded at $0.00 per share, rather than buying shares on the open market.
When do Richard E. Harris’s REI restricted stock units vest?
The restricted stock unit award to Richard E. Harris vests on February 17, 2027. Vesting is subject to the terms of the restricted stock unit agreement, which governs when he can receive one share of common stock for each unit.
What does each REI restricted stock unit represent for this grant?
Each restricted stock unit in this grant represents the contingent right to receive one share of Ring Energy common stock. The units convert into shares only upon vesting under the restricted stock unit agreement’s terms on February 17, 2027.