SandRidge Energy (NYSE: SD) CFO receives stock awards; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SandRidge Energy EVP and CFO Jonathan Frates reported compensation-related equity activity. Performance share units vested into 4,079 shares of common stock, and 1,544 of those shares were withheld at $16.75 per share to cover tax obligations.
He also received a separate award of 6,119 shares of common stock, with 2,065 shares withheld at $16.75 per share for taxes. Following these transactions, he held 53,791 shares of common stock directly and 8,158 restricted stock units that will vest in thirds over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,079 shares exercised/converted
Mixed
5 txns
Insider
FRATES JONATHAN
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,079 | $0.00 | -- |
| Exercise | Common Stock | 4,079 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,544 | $16.75 | $26K |
| Grant/Award | Common Stock | 6,119 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,065 | $16.75 | $35K |
Holdings After Transaction:
Restricted Stock Units — 8,158 shares (Direct);
Common Stock — 51,281 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. Represents the vesting and settlement of Performance Share Units granted by the issuer on March 12, 2025, under Issuer's 2016 Omnibus Incentive Plan, as amended. The restricted stock units will vest in one-third increments on each of the first, second and third anniversaries of the grant date.
FAQ
What did SandRidge Energy (SD) CFO Jonathan Frates report on this Form 4?
Jonathan Frates reported equity compensation activity, not open-market trading. Performance share units vested into 4,079 common shares, and he received an additional 6,119-share stock award, with portions of both automatically withheld to satisfy tax obligations.
What are the terms of the SandRidge Energy (SD) restricted stock units held by the CFO?
Each restricted stock unit is a contingent right to one common share. These units will vest in one-third increments on each of the first, second, and third anniversaries of the grant date, aligning the CFO’s compensation with multi-year company performance.
Were any of the SandRidge Energy (SD) CFO’s transactions open-market buys or sells?
No open-market purchases or sales were reported. The filing shows vesting of performance share units, a stock award grant, and automatic share withholdings to pay tax liabilities, which are standard, non-discretionary features of equity compensation programs.