Form 4: Gulfport Energy Director Cutt Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Timothy J. Cutt of Gulfport Energy Corp. sold 1,356 shares of common stock on July 21, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On July 21, 2024, Timothy J. Cutt, a director of Gulfport Energy Corp., disposed of 1,356 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the settlement of vested restricted stock units.
- The shares were sold at a price of $157.92 per share.
- Following the transaction, Cutt directly owns 57,821 shares of Gulfport Energy Corp.
- The transaction was reported on July 23, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/21/2024 | Date of transaction: Sale of 1,356 shares of common stock. |
| 07/23/2024 | Date of report filing. |
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