Form 4: Granite Ridge Resources Director Matthew Miller Acquires Shares in Lieu of Cash Compensation

Director Matthew Miller acquired 3,084 shares of Granite Ridge Resources common stock in lieu of cash compensation for Board service.

Summary

• On March 31, 2025, Matthew Reade Miller, a director of Granite Ridge Resources, Inc., acquired 3,084 shares of common stock.
• The acquisition was made in lieu of cash compensation for Board service for the quarter ended March 31, 2025, as per the issuer's Board of Directors compensation plan.
• The shares were valued at $0 each, based on the closing price of the common stock on March 31, 2025.
• Following the transaction, Miller directly owns 1,244,877 shares of Granite Ridge Resources common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director taking stock in lieu of cash shows confidence in the company's future.

Positives

• Director's confidence in the company is demonstrated by accepting stock in lieu of cash compensation.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice to align their interests with those of shareholders and conserve company cash.

Comparison to Industry Standards

• Many companies offer directors the option to receive stock in lieu of cash compensation.
• This practice is often seen in smaller or growth-oriented companies where conserving cash is a priority.
• The specific terms of such arrangements vary widely based on company policy and individual director elections.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Granite Ridge Resources, GRNT, Form 4, Director, Stock Acquisition, Matthew Miller, Compensation, Equity