Form 4: Green Plains CFO Sells Shares for Tax Withholding

Green Plains Inc. Chief Financial Officer Philip B. Boggs reported a disposition of 3,269 common shares to cover tax withholding obligations related to a restricted stock grant.

Summary

• Philip B. Boggs, Chief Financial Officer of Green Plains Inc. (GPRE), reported a transaction on November 11, 2025.
• The transaction involved the disposition of 3,269 shares of GPRE common stock.
• The shares were disposed of at a price of $10.29 per share.
• This disposition was for tax withholding purposes related to the vesting of a previously reported restricted stock grant.
• Following this transaction, Mr. Boggs beneficially owns 80,361 shares of GPRE common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a standard disposition of shares to cover tax obligations upon the vesting of restricted stock, indicating a routine compensation event rather than a discretionary sale or purchase. This is a neutral event.

Positives

• The transaction represents a vesting event for a previously granted restricted stock award, which is a positive for the executive's compensation.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports an insider transaction.

Industry Context

This Form 4 reports a routine insider transaction related to equity compensation, which is a common practice across various industries for executives receiving restricted stock grants. It does not provide information directly related to broader industry trends or competitive positioning.

Comparison to Industry Standards

• The disposition of shares for tax withholding upon the vesting of restricted stock is a standard and widely accepted practice for executive equity compensation across most publicly traded companies, aligning with typical industry compensation structures.

Related Party Transactions

• The reported transaction is a disposition of shares by an officer (Philip B. Boggs) to the issuer (Green Plains Inc.) for tax withholding purposes related to equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a non-discretionary, tax-related sale, not indicative of management's sentiment regarding the company's future performance.
• Employees: Reflects standard equity compensation practices for executives, which can be a component of overall employee retention and motivation strategies.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by the CFO to cover tax obligations upon the vesting of restricted stock. It does not indicate any change in the company's fundamentals or management's confidence, and therefore, does not warrant a change in investment recommendation based solely on this filing.

Keywords

Green Plains Inc., GPRE, Philip B. Boggs, CFO, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Equity Compensation