REPX CFO surrenders shares for tax withholding
Riley Exploration Permian, Inc. executive Philip A. Riley reported a non-discretionary share disposition tied to taxes on vested restricted stock.
Rhea-AI Filing Summary
Riley Exploration Permian, Inc. executive Philip A. Riley reported a non-discretionary share disposition tied to taxes on vested restricted stock. On the transaction date, 8,554 shares of common stock were surrendered at an indicated value of $36.45 per share to satisfy withholding tax liabilities.
After this tax-withholding disposition, Riley directly held 166,927 shares of common stock. This total includes 76,006 shares of restricted stock that remain subject to vesting and other restrictions, so the filing mainly reflects routine compensation and tax treatment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,554 shares
Exercise Price or Tax Liability
1 txn
Insider
Riley Philip A
Role
CFO & EVP STRATEGY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.001 per share | 8,554 | $36.45 | $312K |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 166,927 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 Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person.
- F2. This amount includes 76,006 shares of restricted common stock subject to vesting and certain other restrictions.
Key Figures
Tax-withholding shares: 8,554 shares
Implied share value: $36.45 per share
Shares held after transaction: 166,927 shares
+1 more
4 metrics
Tax-withholding shares
8,554 shares
Surrendered to cover withholding tax liability on vested restricted stock
Implied share value
$36.45 per share
Value used for the 8,554-share tax-withholding disposition
Shares held after transaction
166,927 shares
Direct common stock holdings following the tax-withholding disposition
Restricted stock included
76,006 shares
Restricted common stock subject to vesting and other restrictions within total holdings
Key Terms
withholding tax liability, restricted stock, Long Term Incentive Plan, tax-withholding disposition
4 terms
withholding tax liability financial
"These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares"
restricted stock financial
"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 Amended and Restated Riley Exploration Permian, Inc. 2021 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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Riley Exploration Permian (REPX) report for Philip A. Riley?
Riley Exploration Permian reported that executive Philip A. Riley surrendered 8,554 shares of common stock to cover withholding tax liabilities on vested restricted stock. This was a tax-withholding disposition under the company’s 2021 Long Term Incentive Plan, not an open-market trade.
Was the Riley Exploration Permian (REPX) Form 4 transaction a discretionary sale?
No, the Form 4 states the 8,554 shares were surrendered solely to satisfy withholding tax obligations from restricted stock vesting. The footnote clarifies it does not represent a discretionary trade by Philip A. Riley, but rather routine tax handling of equity compensation.
What role does restricted stock play in Riley Exploration Permian (REPX) executive compensation?
The Form 4 indicates that Riley’s restricted stock was granted under the Amended and Restated 2021 Long Term Incentive Plan. Shares vest over time and may be subject to conditions, with some surrendered at vesting to cover tax liabilities, aligning executive pay partly with company equity performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
