RRC CEO reports tax withholding and share transfer
RANGE RESOURCES CORP Chief Executive Officer Dennis Degner reported routine equity compensation activity.
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Rhea-AI Filing Summary
RANGE RESOURCES CORP Chief Executive Officer Dennis Degner reported routine equity compensation activity. On March 15, 25,656 shares of common stock were withheld by the company at $43.51 per share to cover tax liabilities arising from the vesting of 65,199 restricted shares granted on March 15, 2023. The filing notes that no shares were sold by Degner to satisfy this tax liability.
On the same date, 39,543 unvested common shares moved from an indirect “Unvested Stock” account into direct common stock ownership, described as a voluntary disclosure of an exempt transfer from indirect to direct holding. Following these updates, Degner holds 759,646 common shares directly, 190,485 unvested shares indirectly, and 22,572 shares in an indirect deferred compensation account.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock Unvested | 25,656 | $43.51 | $1.12M |
| Other | Common Stock Unvested | 39,543 | $0.00 | $0.00 |
| Other | Common Stock | 39,543 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Represents shares withheld by Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of 65,199 shares of restricted stock that were granted to the reporting person on March 15, 2023. No shares were sold by the reporting person to satisfy this tax liability
- F2. Transfer of these shares from an indirect holding to a direct holding is exempt from reporting, however the reporting person has voluntarily decided to disclose this information.
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