Form 4: Granite Ridge Resources Executive Kimberly Weimer Reports Stock Transaction
SEC Form 4 Filing
Kimberly Weimer, Chief Accounting Officer of Granite Ridge Resources, reports the forfeiture of 1,346 shares of common stock for tax obligations related to vesting restricted stock.
Summary
- On March 6, 2025, Kimberly Weimer, the Chief Accounting Officer of Granite Ridge Resources, Inc. (GRNT), reported a transaction involving the forfeiture of 1,346 shares of common stock.
- The shares were forfeited for the payment of taxes upon the vesting of previously awarded restricted stock under the company's 2022 Omnibus Incentive Plan.
- The price per share was $5.29.
- Following the transaction, Weimer directly owns 30,985 shares of Granite Ridge Resources.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations on vested stock.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the actions of those with inside knowledge of the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of stock transaction (forfeiture of shares). |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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