Form 4: Gulfport Energy EVP & CFO Michael Hodges Reports Stock Grant and Tax Withholding

Michael Hodges, EVP & CFO of Gulfport Energy, reports the acquisition of restricted stock and the disposal of shares to cover tax obligations.

Summary

• On March 1, 2025, Michael Hodges, EVP & CFO of Gulfport Energy Corp, acquired 4,712 shares of restricted stock under the 2021 Stock Incentive Plan.
• These shares will vest in three approximately equal annual installments beginning on March 1, 2026.
• On the same day, Hodges disposed of 851 shares of common stock to satisfy tax withholding obligations related to vested restricted stock units.
• The price per share for the disposal was $169.8.
• Following these transactions, Hodges beneficially owns 18,077 shares of Gulfport Energy Corp.
• The reporting was filed by Attorney-in-Fact Patrick Craine on March 4, 2025.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and compliance with reporting requirements, suggesting a neutral to slightly positive sentiment.

Positives

• The grant of restricted stock to the EVP & CFO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices and tax obligation fulfillment.

Stakeholder Impact

• Shareholders may view the stock grant as aligning management's interests with the company's long-term performance.
• The tax withholding transaction has no direct impact on other stakeholders.

Key Dates