SandRidge CFO reports stock awards, tax withholding
SandRidge Energy EVP and CFO Jonathan Frates reported compensation-related equity activity.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,079 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,079 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,544 | $16.75 | $26K |
| Grant/Award | Common Stock | 6,119 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,065 | $16.75 | $35K |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. 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.
- F3. The restricted stock units will vest in one-third increments on each of the first, second and third anniversaries of the grant date.
FAQ
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What did SandRidge Energy (SD) CFO Jonathan Frates report on this Form 4?
What are the terms of the SandRidge Energy (SD) restricted stock units held by the CFO?
Were any of the SandRidge Energy (SD) CFO’s transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.