SandRidge COO converts 1,000 RSUs to shares
The EVP & Chief Operating Officer of SandRidge Energy Inc. settled 1,000 RSUs into common shares, with 289 shares used to cover exercise price or tax obligations.
Rhea-AI Filing Summary
SANDRIDGE ENERGY INC (SD) reported that EVP & Chief Operating Officer Dean Parrish settled equity awards on September 1, 2026. He converted 1,000 restricted stock units into 1,000 shares of common stock at no stated exercise price, and 289 shares of common stock were delivered or withheld at $14.37 per share for payment of exercise price or tax liability. Each restricted stock unit represents a right to receive one common share, with vesting over four years tied to the company’s Form 10-K filing for the year ended December 31, 2024 and subsequent September 1 anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares exercised/converted
Exercise
3 txns
Insider
Parrish Dean
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 289 | $14.37 | $4K |
Holdings After Transaction:
Restricted Stock Unit — 1,000 contracts (Direct);
Common Stock — 38,798 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. Restricted units granted to the reporting person will vest over four years in four increments: (i) 25% on the timely filing of the company's annual report on Form 10-K for the year ended December 31, 2024, (ii) 25% on September 1, 2025, and (iii) 25% on September 1 for each one-year anniversary thereafter.
Key Figures
Restricted stock units converted: 1,000 units
Common shares acquired from RSU conversion: 1,000 shares
Shares delivered or withheld for exercise price or tax liability: 289 shares
+1 more
4 metrics
Restricted stock units converted
1,000 units
Settled into common stock on September 1, 2026
Common shares acquired from RSU conversion
1,000 shares
Received upon settlement of restricted stock units on September 1, 2026
Shares delivered or withheld for exercise price or tax liability
289 shares
Common stock used for payment obligations on September 1, 2026
Per-share value for exercise price or tax liability
$14.37 per share
Applied to 289 common shares delivered or withheld
Key Terms
Restricted stock unit, Form 10-K, tax liability
3 terms
Restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Form 10-K regulatory
"on the timely filing of the company's annual report on Form 10-K"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What insider equity transaction did SD report for Dean Parrish on September 1, 2026?
On September 1, 2026, 1,000 restricted stock units held by EVP & Chief Operating Officer Dean Parrish were converted into 1,000 shares of common stock. In connection with this, 289 shares of common stock were delivered or withheld to pay the exercise price or tax liability.
How many SandRidge Energy (SD) RSUs were involved in Dean Parrish’s latest Form 4?
The filing reports that 1,000 restricted stock units were settled, each representing a contingent right to receive one share of common stock. These units were converted into an equal number of common shares on September 1, 2026.
What is the vesting schedule of the RSUs reported for SandRidge Energy (SD)?
The RSUs vest over four years: 25% upon timely filing of the Form 10-K for the year ended December 31, 2024, 25% on September 1, 2025, and 25% on September 1 of each one-year anniversary thereafter.
Was a Rule 10b5-1 trading plan disclosed for the SD insider transactions?
No. The Form 4 indicates no Rule 10b5-1 trading plan for these transactions, meaning they are not reported as being executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
