Form 4: Gulfport Energy Corp: VP & CAO Matthew Willrath Reports Stock Transactions
SEC Form 4 Filing
Matthew Willrath, VP & CAO of Gulfport Energy Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 1, 2025, Matthew Willrath, VP & CAO of Gulfport Energy Corp, reported transactions involving the company's stock.
- Willrath acquired 1,178 shares of common stock at $0, representing restricted stock granted under the 2021 Stock Incentive Plan.
- These shares will vest in three approximately equal annual installments beginning on March 1, 2026.
- Willrath also disposed of 122 shares of common stock at $169.8, which were withheld by Gulfport Energy Corporation to satisfy tax withholding obligations upon settlement of restricted stock units.
- Following these transactions, Willrath beneficially owns 3,466 shares of Gulfport Energy Corp.
- The reporting was filed by Patrick Craine, Attorney-in-Fact, on March 4, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company executive, which is a routine occurrence. There is no indication of positive or negative implications for the company's performance.
Positives
- The grant of restricted stock to the VP & CAO aligns his interests with the long-term performance of the company.
- The vesting schedule encourages continued service and contribution to the company's success.
Negatives
- The disposal of shares to cover tax obligations, while common, slightly reduces the executive's stake in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock acquisition and disposal transactions. |
| 03/01/2026 | First vesting date for the restricted stock granted under the 2021 Stock Incentive Plan. |
| 03/04/2025 | Date of Form 4 filing. |
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