Form 4: EOG Resources Executive Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
EOG Resources EVP, General Counsel & Corporate Secretary, Michael P. Donaldson, exercised stock appreciation rights and disposed of shares on November 19, 2024.
Summary
- Michael P. Donaldson, an executive at EOG Resources, exercised 4,087 stock appreciation rights (SARs) on November 19, 2024, at a price of $81.81.
- Following the exercise, Mr. Donaldson disposed of 2,459 shares at $135.97 and 641 shares at $135.97 to cover tax obligations.
- After these transactions, Mr. Donaldson directly owns 82,553.289 shares of EOG Resources common stock.
- Mr. Donaldson also has indirect ownership of 8,000 shares through a family trust, 8,000 shares through another family trust, 8,000 shares through another family trust and 14,000 shares through his wife.
Sentiment
Score: 5
Explanation: The document is a routine filing related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common in the oil and gas industry. It reflects the exercise of previously granted stock-based compensation.
Comparison to Industry Standards
- Executive compensation packages often include stock options or stock appreciation rights, which are common across the oil and gas industry.
- The vesting schedule of the SARs, with full exercisability after three years, is a typical structure for such awards.
- The disposal of shares to cover tax obligations is a standard practice for executives exercising stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares of EOG Resources.
- The transactions are part of the executive compensation plan and are not expected to have a significant impact on the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 09/27/2021 | Date of grant for the stock appreciation rights, which became exercisable in increments over three years. |
| 09/27/2024 | Date the stock appreciation rights became fully exercisable. |
| 11/19/2024 | Date of the reported transactions, including the exercise of SARs and disposal of shares. |
| 11/20/2024 | Date the Form 4 was signed. |
Keywords
EOG Resources, Stock Appreciation Rights, SARs, Executive Compensation, Insider Trading, Form 4, Share Disposal, Michael P. Donaldson
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.