SandRidge SVP exercises RSUs, gets stock grant
SandRidge Energy SVP and Chief Accounting Officer Brandon Louis Brown Sr. reported equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
SandRidge Energy SVP and Chief Accounting Officer Brandon Louis Brown Sr. reported equity compensation activity involving restricted stock units and common shares. He exercised 2,557 restricted stock units into the same number of common shares at a conversion price of $0.00 per share.
To cover tax obligations, a total of 1,897 common shares were withheld at $16.75 per share, which is a non‑market disposition. Brown also received a grant of 3,836 shares of common stock as a compensation award. Following these transactions, he directly owns 25,806 common shares and 5,114 restricted stock units, which will vest in one‑third increments on each of the first, second and third anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,557 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,557 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 759 | $16.75 | $13K |
| Grant/Award | Common Stock | 3,836 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,138 | $16.75 | $19K |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SandRidge Energy (SD) executive Brandon Brown report on this Form 4?
Were any of Brandon Brown’s SandRidge Energy (SD) transactions open-market sales?
What are the vesting terms of Brandon Brown’s new SandRidge Energy (SD) restricted stock units?
What do the tax-withholding transactions mean in Brandon Brown’s SandRidge Energy (SD) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.