Form 4: Gulfport Energy Director Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Timothy J. Cutt sold 3,442 shares of Gulfport Energy Corp to cover tax obligations related to vested restricted stock units.
Summary
- On April 29, 2025, Timothy J. Cutt, a director of Gulfport Energy Corp, disposed of 3,442 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 $178.44 per share.
- Following the transaction, Cutt directly owns 46,422 shares of Gulfport Energy Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for executives and directors. This transaction is not necessarily indicative of the director's view of the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 04/29/2025 | Date of transaction: Sale of shares to cover tax obligations. |
Keywords
Gulfport Energy Corp, Timothy J. Cutt, Form 4, SEC, Director, Share Sale, Tax Obligations, Restricted Stock Units
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