Form 4: Granite Ridge Resources CFO Tyler Farquharson Reports Stock Transaction
SEC Form 4 Filing
Tyler Farquharson, CFO of Granite Ridge Resources, reports the forfeiture of 1,314 shares for tax obligations related to vesting restricted stock.
Summary
- On March 21, 2024, Tyler Farquharson, the Chief Financial Officer of Granite Ridge Resources, Inc. (GRNT), reported a transaction involving the company's common stock.
- Farquharson forfeited 1,314 shares of common stock at a price of $6.41 per share.
- This transaction was related to the payment of taxes upon the vesting of previously awarded restricted stock under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan.
- Following the transaction, Farquharson directly owns 66,723 shares of Granite Ridge Resources, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding a routine stock transaction, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of stock transaction (forfeiture of shares) |
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