Riley Exploration (REPX) grants 7,143 restricted shares to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bayless Rebecca L reported acquisition or exercise transactions in this Form 4 filing.
Riley Exploration Permian, Inc. director Rebecca L. Bayless received a grant of 7,143 shares of common stock as a time-based restricted stock award under the company’s Second Amended and Restated 2021 Long Term Incentive Plan. These shares vest on June 1, 2027, subject to her continued service and other restrictions. After this grant, she holds 31,744 shares in total, including 14,667 restricted shares subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bayless Rebecca L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 7,143 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 31,744 shares (Direct, null)
Footnotes (1)
- Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions. This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions.
Key Figures
Restricted stock grant: 7,143 shares
Grant price: $0.00 per share
Total shares after transaction: 31,744 shares
+2 more
5 metrics
Restricted stock grant
7,143 shares
Time-based restricted common stock granted to director
Grant price
$0.00 per share
Compensation award, not open-market purchase
Total shares after transaction
31,744 shares
Director holdings following the restricted stock grant
Restricted shares outstanding
14,667 shares
Restricted common stock subject to vesting and restrictions
Vesting date
June 1, 2027
Vesting date for the 7,143-share restricted stock grant
Key Terms
time-based restricted stock, Second Amended and Restated 2021 Long Term Incentive Plan, vest, restricted common stock
4 terms
time-based restricted stock financial
"Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."
Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.
Second Amended and Restated 2021 Long Term Incentive Plan financial
"Represents a grant of time-based restricted stock under the Issuer's Riley Exploration Permian, Inc. Second Amended and Restated 2021 Long Term Incentive Plan."
vest financial
"The shares vest on June 1, 2027, subject to the reporting person's continued service through the date and certain other restrictions."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
restricted common stock financial
"This amount includes 14,667 shares of restricted common stock subject to vesting and certain other restrictions."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
FAQ
What insider transaction did Riley Exploration Permian (REPX) report for Rebecca L. Bayless?
Riley Exploration Permian reported that director Rebecca L. Bayless received a grant of 7,143 shares of time-based restricted common stock. The award was issued under the company’s Second Amended and Restated 2021 Long Term Incentive Plan.
Was the Riley Exploration Permian (REPX) transaction an open-market purchase or a compensation grant?
The transaction was a compensation-related grant, not an open-market purchase. Riley Exploration Permian awarded 7,143 shares of time-based restricted stock to director Rebecca L. Bayless at a price of $0.00 per share under its long-term incentive plan.