Form 4: Granite Ridge Resources Director Kirk Lazarine Reports Share Disposal
SEC Form 4
Director Kirk Lazarine reported the disposal of 24,318 shares of Granite Ridge Resources, Inc. common stock on April 9, 2024, following a pro rata distribution.
Summary
- On April 9, 2024, Kirk Lazarine, a director of Granite Ridge Resources, Inc., reported a transaction involving the company's common stock.
- Lazarine disposed of 24,318 shares of common stock at a price of $0.
- This disposal was a result of a pro rata distribution from Grey Rock Energy Partners GP III-A, L.P. and Grey Rock Energy Partners GP III-B, L.P.
- Following the transaction, Lazarine still beneficially owns 588,301 shares of Granite Ridge Resources, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects a distribution from an investment partnership rather than an open market sale.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 04/09/2024 | Date of transaction: Disposal of 24,318 shares of common stock. |
| 04/11/2024 | Date of signature on the report. |
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