Form 4: Gulfport Energy CEO Sells Shares to Cover Tax Obligations

Gulfport Energy CEO John K. Reinhart sold 3,049 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• John K. Reinhart, the President and CEO of Gulfport Energy Corp, sold 3,049 shares of common stock on January 24, 2025.
• The sale was executed at a price of $192.91 per share.
• The shares were sold to cover tax withholding obligations arising from the settlement of previously granted restricted stock units.
• Following the transaction, Reinhart directly owns 30,491 shares of Gulfport Energy stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for shares to be sold to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across various industries.
• Many companies use restricted stock units as part of their executive compensation packages, leading to similar tax-related sales.
• The sale of 3,049 shares is not unusual for a CEO of a company of Gulfport Energy's size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Gulfport Energy, insider trading, Form 4, stock sale, John K. Reinhart, restricted stock units, tax obligations