SandRidge Energy (SD) SVP gets stock grant, RSUs vest with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
2,557 shares exercised/converted
Mixed
5 txns
Insider
Brown Brandon Louis Sr.
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,557 | $0.00 | -- |
| Exercise | Common Stock | 2,557 | $0.00 | -- |
| Tax Withholding | Common Stock | 759 | $16.75 | $13K |
| Grant/Award | Common Stock | 3,836 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,138 | $16.75 | $19K |
Holdings After Transaction:
Restricted Stock Unit — 5,114 shares (Direct);
Common Stock — 23,867 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) executive Brandon Brown report on this Form 4?
Brandon Brown reported routine equity compensation activity. He exercised 2,557 restricted stock units into common shares, had 1,897 shares withheld for taxes, and received a grant of 3,836 common shares, reflecting standard compensation and tax‑withholding mechanics rather than open‑market trading.
Were any of Brandon Brown’s SandRidge Energy (SD) transactions open-market sales?
No, the reported dispositions were tax withholdings, not market sales. Two transactions coded “F” involved a total of 1,897 shares delivered at $16.75 per share to satisfy tax liabilities, which are non‑discretionary and do not represent open‑market selling activity by the executive.
What are the vesting terms of Brandon Brown’s new SandRidge Energy (SD) restricted stock units?
The restricted stock units vest over three years. Footnotes state they vest in one‑third increments on each of the first, second and third anniversaries of the grant date, aligning the award with multi‑year service and performance at SandRidge Energy.
What do the tax-withholding transactions mean in Brandon Brown’s SandRidge Energy (SD) filing?
The tax-withholding transactions settle tax obligations on equity awards. Code “F” entries show 1,897 shares delivered at $16.75 per share, indicating shares were automatically used to pay taxes due on vested or granted equity rather than being sold on the open market.