Ring Energy (REI) SVP granted 222,222-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Young Shawn D. reported acquisition or exercise transactions in this Form 4 filing.
RING ENERGY, INC. Senior VP of Operations Shawn D. Young reported an award of 222,222 shares of common stock on a grant basis. The award is structured as restricted stock units that vest in equal annual installments over three years, starting on February 17, 2027. After this grant, Young directly holds 419,709 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Young Shawn D.
Role
Senior VP, Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 222,222 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 419,709 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ring Energy (REI) report for Shawn D. Young?
Ring Energy reported that Senior VP of Operations Shawn D. Young acquired 222,222 shares of common stock through a restricted stock unit award. The grant was recorded at a price of $0.00 per share as part of his equity compensation.
How do Shawn D. Young’s Ring Energy restricted stock units vest?
The restricted stock unit award vests on an equal annual basis over three years, beginning February 17, 2027. Each vesting date delivers a portion of the 222,222 units, subject to the terms of the restricted stock unit agreement governing the award.
What does each restricted stock unit in the Ring Energy grant represent?
Each restricted stock unit represents a contingent right to receive one share of Ring Energy common stock. Delivery of the shares is tied to the vesting schedule and conditions in the restricted stock unit agreement described in the Form 4 footnote.
What is the transaction code used in Shawn D. Young’s Ring Energy Form 4?
The transaction is coded “A,” which the filing describes as a grant, award, or other acquisition. This indicates the shares were received as an equity award, not bought or sold in an open-market transaction involving a purchase or sale price.