Ring Energy (REI) interim CFO covers tax obligations with share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ring Energy, Inc. interim CFO Rocky Kwon reported three small share dispositions classified as tax-withholding transactions related to restricted stock units. On February 12, 10,689 common shares at $1.21 per share were withheld. On February 13, 7,285 shares and on February 16, 6,185 shares were withheld at $1.27 per share. After these transactions, Kwon’s directly held common stock positions reported in the filing ranged between about 175,000 and 189,000 shares, reflecting routine tax settlements rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kwon Rocky
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,185 | $1.27 | $8K |
| Tax Withholding | Common Stock | 7,285 | $1.27 | $9K |
| Tax Withholding | Common Stock | 10,689 | $1.21 | $13K |
Holdings After Transaction:
Common Stock — 175,428 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did Ring Energy (REI) interim CFO Rocky Kwon report?
Rocky Kwon reported three share dispositions, all classified as tax-withholding transactions. These involved common stock withheld by Ring Energy to cover tax obligations from restricted stock unit settlements under the company’s long-term incentive plan.
Were Rocky Kwon’s Ring Energy (REI) transactions open-market sales?
No, the transactions were coded “F” and described as tax-withholding dispositions. Shares were withheld by Ring Energy to satisfy tax liabilities from restricted stock unit awards, not sold by Kwon in open-market trades.