Form 4: Gulfport Energy Corp: Officer Craine Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Patrick K. Craine, CLAO and Corp Secretary of Gulfport Energy Corp, reports disposing of 6,133 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On July 21, 2024, Patrick K. Craine, CLAO and Corp Secretary of Gulfport Energy Corp, disposed of 6,133 shares of common stock.
- The disposal was to satisfy tax withholding obligations due upon the settlement of vested restricted stock units previously granted to Craine under the Issuer's equity incentive plan.
- The shares were sold at a price of $157.92 per share.
- Following the transaction, Craine beneficially owns 25,351 shares of Gulfport Energy Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to vested stock and tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/21/2024 | Date of stock disposal transaction. |
| 07/23/2024 | Date of signature on the Form 4 filing. |
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