Form 4: EOG Resources EVP & COO Jeffrey R. Leitzell Reports Stock Transactions
SEC Form 4 Filing
EOG Resources' EVP & COO, Jeffrey R. Leitzell, reports the exercise of stock appreciation rights and subsequent stock sales on April 1, 2025.
Summary
- On April 1, 2025, Jeffrey R. Leitzell, EVP & COO of EOG Resources, exercised 8,190 stock appreciation rights (SARs) at a price of $127.
- Following the exercise, Leitzell disposed of 8,124 shares at $128.045 per share.
- Additionally, Leitzell disposed of 29 shares at $128.045 per share and sold 37 shares at $127.888 per share.
- He also sold 4,000 shares at $127.76 per share.
- After these transactions, Leitzell directly owns 47,732.462 shares of EOG Resources common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
- The timing and volume of stock sales by executives are compared against historical patterns and industry benchmarks to assess potential implications.
- Companies like ExxonMobil (XOM) and Chevron (CVX) also have executives who regularly report stock transactions.
Stakeholder Impact
- Shareholders may interpret the stock sales as a signal, although routine transactions are common.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/27/2018 | Date of grant for the Stock Appreciation Rights (SARs). |
| 09/27/2019 | First anniversary of SARs grant, with 33% becoming exercisable. |
| 09/27/2021 | SARs granted became fully exercisable. |
| 04/01/2025 | Date of the reported transactions: exercise of SARs and stock sales. |
| 09/27/2025 | Expiration date of the Stock Appreciation Rights (SARs). |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
EOG Resources, Jeffrey R. Leitzell, Stock Appreciation Rights, SARs, Form 4, Executive Compensation, Stock Sale, Beneficial Ownership, Insider Trading
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