Form 4: Granite Ridge Director Boosts Stake with Stock Compensation

Granite Ridge Resources Director Matthew Reade Miller acquired 3,466 shares of common stock as part of his board compensation plan.

Summary

• Matthew Reade Miller, a Director of Granite Ridge Resources, Inc. (GRNT), acquired 3,466 shares of common stock.
• The transaction occurred on September 30, 2025, and was reported on October 1, 2025.
• The shares were acquired at a price of $0, as they represent stock received in lieu of cash compensation for Board service.
• This acquisition was made pursuant to the issuer's Board of Directors compensation plan for the quarter ended September 30, 2025.
• The number of shares issued was calculated based on the closing price of the common stock on September 30, 2025.
• Following this transaction, Matthew Reade Miller beneficially owns a total of 1,288,130 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. A director choosing to receive stock over cash for compensation indicates confidence in the company's future performance and aligns their interests with shareholders. However, it's a routine compensation event rather than a direct market purchase.

Positives

• A Director increasing their stake in the company, even through compensation, generally signals confidence in the company's future prospects.
• Receiving stock in lieu of cash compensation aligns the Director's interests more closely with those of other shareholders.
• The transaction was part of a pre-arranged compensation plan, indicating a structured approach to executive remuneration.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the details of the compensation plan.

Management Comments

• The reporting person elected to receive stock in lieu of the cash compensation retainer for Board service for the quarter ended September 30, 2025, pursuant to the issuer's Board of Directors compensation plan.
• The number of shares issued were calculated based on the closing price of the common stock on September 30, 2025.

Industry Context

It is a common practice in the energy and natural resources industry, as in many others, for directors to receive a portion of their compensation in company stock to align their interests with long-term shareholder value. This transaction reflects a standard compensation mechanism.

Related Party Transactions

• The acquisition of shares by Director Matthew Reade Miller as part of his board compensation plan constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with those of other shareholders, potentially fostering decisions that enhance long-term shareholder value.
• Management: Reinforces a compensation structure that encourages long-term commitment and performance.

Key Dates

Keywords

Granite Ridge Resources, GRNT, Form 4, Insider Transaction, Director Compensation, Stock Acquisition, Matthew Reade Miller, Equity Compensation, 10b5-1 Plan