SandRidge exec exercises 1,000 RSUs, 244 shares withheld
SandRidge Energy’s chief accounting officer exercised 1,000 RSUs into common stock, with 244 shares withheld or delivered to cover exercise price or tax obligations.
Rhea-AI Filing Summary
SANDRIDGE ENERGY INC (SD) reported that Brandon Louis Brown Sr., its SVP and Chief Accounting Officer, exercised 1,000 restricted stock units into an equal number of shares of common stock on September 1, 2026. In connection with this event, 244 shares of common stock were delivered or withheld for payment of exercise price or tax liability.
Footnotes state that each restricted stock unit represents a contingent right to receive one share of common stock and that the restricted units granted to the reporting person vest over four years in 25% increments tied to the timely filing of the Form 10-K for 2024 and specified September 1 anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | 244 | $14.37 | $4K |
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
Key Terms
Restricted Stock Unit financial
contingent right financial
vest financial
tax liability financial
FAQ
What insider transaction did SandRidge Energy (SD) disclose for September 1, 2026?
How many SandRidge Energy (SD) RSUs were converted to common stock in this Form 4?
What is the vesting schedule for the SandRidge Energy (SD) restricted stock units in this filing?
Was a Rule 10b5-1 trading plan involved in this SandRidge Energy (SD) Form 4?
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