Riley Exploration director granted 7,143 restricted shares
NORDBERG E WAYNE reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
NORDBERG E WAYNE reported acquisition or exercise transactions in this Form 4 filing.
Riley Exploration Permian director E. Wayne Nordberg reported a grant of 7,143 shares of common stock as time-based restricted stock under the company’s Second Amended and Restated 2021 Long Term Incentive Plan. The shares vest on June 1, 2027, subject to continued service and other restrictions.
Following this award, Nordberg beneficially owns 31,694 shares of common stock, including 14,667 shares of restricted stock that remain subject to vesting and related conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,143 shares
Grant/Award
1 txn
Insider
NORDBERG E WAYNE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 7,143 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 31,694 shares (Direct)
Footnotes (2)
- F1. 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 and certain other restrictions.
- F2. 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 per share: $0.00 per share
Total shares after transaction: 31,694 shares
+2 more
5 metrics
Restricted stock grant
7,143 shares
Time-based restricted common stock awarded on May 15, 2026
Grant price per share
$0.00 per share
Equity award under 2021 Long Term Incentive Plan
Total shares after transaction
31,694 shares
Nordberg’s beneficial ownership following the grant
Restricted shares outstanding
14,667 shares
Restricted common stock subject to vesting and restrictions
Vesting date for new grant
June 1, 2027
Vesting of 7,143 time-based restricted shares
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
"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 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Riley Exploration Permian (REPX) director E. Wayne Nordberg report in this Form 4?
E. Wayne Nordberg reported receiving 7,143 shares of time-based restricted common stock as an equity award. The grant was made under Riley Exploration Permian’s 2021 Long Term Incentive Plan and represents a compensation-related acquisition, not an open-market stock purchase.
When do E. Wayne Nordberg’s newly granted Riley Exploration Permian (REPX) restricted shares vest?
The 7,143 newly granted restricted shares vest on June 1, 2027, if Nordberg continues his service and other conditions are satisfied. Until that vesting date, the award remains subject to forfeiture and the additional restrictions described in the company’s incentive plan and grant terms.
Is Nordberg’s Form 4 transaction an open-market purchase or a compensation award from Riley Exploration Permian (REPX)?
The transaction is a compensation-related equity award, not an open-market purchase. It is coded as a grant or award acquisition, with 7,143 restricted shares issued at a stated price of $0.00 per share under Riley Exploration Permian’s long-term incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
