Riley Exploration COO shares withheld for taxes
Riley Exploration Permian, Inc. Chief Operating Officer John Patrick Suter reported a tax-withholding disposition of 2,229 shares of common stock at $32.96 per share.
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. Chief Operating Officer John Patrick Suter reported a tax-withholding disposition of 2,229 shares of common stock at $32.96 per share. These shares were surrendered to cover withholding tax from the vesting of restricted stock and were not a discretionary trade. After this transaction, he holds 134,198 shares directly, including 119,968 shares of restricted common stock subject to vesting and other restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,229 shares
Exercise Price or Tax Liability
1 txn
Insider
SUTER JOHN PATRICK
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 2,229 | $32.96 | $73K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 134,198 shares (Direct)
Footnotes (2)
- F1. These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.
- F2. This amount includes 119,968 shares of restricted common stock subject to vesting and certain other restrictions.
Key Figures
Shares surrendered for tax: 2,229 shares
Price per share: $32.96 per share
Shares held after transaction: 134,198 shares
+2 more
5 metrics
Shares surrendered for tax
2,229 shares
Tax-withholding disposition on restricted stock vesting at $32.96 per share
Price per share
$32.96 per share
Value used for tax-withholding share surrender on 2,229 shares
Shares held after transaction
134,198 shares
Direct common stock holdings by COO after tax-withholding disposition
Restricted shares included
119,968 shares
Restricted common stock subject to vesting and other restrictions
Tax-withholding shares count
2,229 shares
Reported as F-code, payment of tax liability via share surrender
Key Terms
tax-withholding disposition, restricted stock, Long Term Incentive Plan, non-derivative, +1 more
5 terms
tax-withholding disposition financial
"These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"upon the vesting of shares of restricted stock originally issued to the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Long Term Incentive Plan financial
"pursuant to the Second Amended and Restated 2021 Riley Exploration Permian, Inc. Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
non-derivative financial
"transaction_type: non-derivative for Common Stock, par value $0.001 per share"
withholding tax liability financial
"These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Riley Exploration Permian (REPX) report?
Riley Exploration Permian reported that its COO, John Patrick Suter, surrendered 2,229 common shares to cover tax withholding on vested restricted stock. This is a compensation-related, non-discretionary transaction rather than an open-market trade, and he continues to hold a substantial share position.
Was the REPX COO’s Form 4 transaction an open-market sale?
No, the COO’s Form 4 transaction was not an open-market sale. The 2,229 shares were surrendered to satisfy withholding tax owed on restricted stock vesting, as disclosed in the footnotes, and are classified as a tax-withholding disposition rather than a discretionary share sale.
What plan governed the restricted stock in the REPX Form 4 filing?
The restricted stock was issued under Riley Exploration Permian’s Second Amended and Restated 2021 Long Term Incentive Plan. The surrendered shares relate to tax withholding upon vesting of awards granted to the COO as part of his equity-based compensation under this incentive program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
