Executive at SandRidge (NYSE: SD) nets shares after RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SandRidge Energy senior vice president and chief accounting officer Brandon Louis Brown Sr. reported routine equity compensation activity. He exercised 1,761 restricted stock units, each converting into one share of common stock. To cover tax obligations, 429 shares of common stock were disposed of as a tax-withholding transaction rather than an open-market sale.
Following these transactions, Brown directly held 27,646 shares of SandRidge common stock. The filing also shows a remaining derivative position of 1,761 restricted stock units, which 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
1,761 shares exercised/converted
Mixed
3 txns
Insider
Brown Brandon Louis Sr.
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,761 | $0.00 | -- |
| Exercise | Common Stock | 1,761 | $0.00 | -- |
| Tax Withholding | Common Stock | 429 | $15.27 | $7K |
Holdings After Transaction:
Restricted Stock Unit — 1,761 shares (Direct, null);
Common Stock — 28,075 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units will vest in one-third increments on each of the first, second and third anniversaries of the grant date.
Key Figures
RSUs exercised: 1,761 shares
Tax-withholding shares: 429 shares
Post-transaction common shares: 27,646 shares
+2 more
5 metrics
RSUs exercised
1,761 shares
Restricted stock units converted into common stock on May 17, 2026
Tax-withholding shares
429 shares
Common stock disposed of to satisfy tax liability
Post-transaction common shares
27,646 shares
Common stock directly owned after reported transactions
Remaining RSU holdings
1,761 units
Restricted stock units shown as derivative securities after transactions
Tax-withholding reference price
$15.27 per share
Price associated with 429-share tax-withholding disposition
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security, contingent right, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
anniversaries of the grant date financial
"will vest in one-third increments on each of the first, second and third anniversaries of the grant date."
FAQ
What insider transaction did SandRidge Energy (SD) report for Brandon Brown?
SandRidge Energy reported that executive Brandon Louis Brown Sr. exercised 1,761 restricted stock units into common shares. As part of this compensation event, 429 shares were disposed of to satisfy tax obligations through share withholding, not through an open-market sale.
Was the SandRidge (SD) insider transaction an open-market sale?
No, the disposition of 429 shares by Brandon Louis Brown Sr. is labeled as a tax-withholding disposition. This means shares were withheld to cover tax liabilities associated with equity vesting, rather than sold by the executive in the open market for investment purposes.
What does the 1,761 SandRidge (SD) restricted stock units represent?
Each of the 1,761 restricted stock units represents a contingent right to receive one share of SandRidge common stock. According to the disclosure, these awards vest in one-third increments on each of the first, second and third anniversaries of the original grant date.
How are SandRidge (SD) restricted stock units for Brandon Brown scheduled to vest?
The restricted stock units described vest in one-third increments on each of the first, second, and third anniversaries of the grant date. This three-year vesting schedule is typical for executive compensation, aligning long-term equity incentives with ongoing service to the company.