Form 4: Battalion Oil Corp Executive Forfeits Equity Grant Units
SEC Form 4
Walter R. Mayer, SVP and General Counsel of Battalion Oil Corp, forfeited 20,612 Equity Grant Units (EGUs) effective March 5, 2025, while also reporting the settlement of Restricted Stock Units in cash.
Summary
- Walter R. Mayer, SVP and General Counsel of Battalion Oil Corp, filed a Form 4 on March 7, 2025, detailing changes in beneficial ownership.
- On March 5, 2025, Mayer forfeited 20,612 Equity Grant Units (EGUs), which were subsequently rescinded by the Issuer.
- These EGUs represented the right to receive a cash payment equivalent to the value of a share of the Issuer's common stock upon the satisfaction of certain conditions.
- The filing also reports the settlement of 2,214 Restricted Stock Units (RSUs) in cash, with the settlement scheduled for March 11, 2025.
- The RSUs had vested on February 20, 2024, and each RSU represents a contingent right to receive one share of the Issuer's common stock, which will be settled in cash at the Issuer's election.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing executive compensation adjustments. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The forfeiture of equity grants and settlement of RSUs are common compensation-related events.
Key Dates
| Date | Description |
|---|---|
| Feb. 20, 2024 | Scheduled vesting of Restricted Stock Units occurred |
| Sep. 23, 2024 | Reporting Person filed Form 4s reporting awards of 18,322 Equity Grant Units |
| Nov. 22, 2024 | Reporting Person filed Form 4s reporting awards of 2,290 Equity Grant Units |
| 03/05/2025 | Effective date of Equity Grant Units forfeiture and cancellation |
| 03/05/2025 | Transaction date for Restricted Stock Unit settlement |
| 03/07/2025 | Date of Form 4 filing |
| 03/11/2025 | Scheduled cash payment for Restricted Stock Units |
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