Form 4: Gulfport Energy Director Receives Restricted Stock Grant
SEC Form 4
David Reganato, a director of Gulfport Energy, was granted 964 time-based restricted shares under the 2021 Stock Incentive Plan.
Summary
- David Reganato, a director of Gulfport Energy Corp, received a grant of 964 time-based restricted shares on May 23, 2024.
- The shares were awarded pursuant to the 2021 Stock Incentive Plan.
- The restricted shares will vest in one installment on May 23, 2025.
- Reganato has an understanding with Silver Point Capital, L.P., and holds the shares for their benefit, disclaiming beneficial ownership except for his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of a stock grant, with neutral sentiment.
Positives
- The grant of restricted shares aligns the director's interests with the company's long-term performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Grants of restricted stock are a common practice in the energy industry to incentivize and retain key personnel.
Stakeholder Impact
- The stock grant could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of the restricted stock grant. |
| 05/23/2025 | Vesting date of the restricted shares. |
| 05/28/2024 | Date of signature on the SEC Form 4 filing. |
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