Form 4: Gulfport Energy SVP, Land, Lester Zitkus, Reports Stock Disposal for Tax Obligations

Lester Zitkus, SVP, Land at Gulfport Energy Corp, disposed of 773 shares of common stock on August 12, 2024, to cover tax withholding obligations related to vested restricted stock units.

Summary

• On August 12, 2024, Lester Zitkus, SVP, Land at Gulfport Energy Corp, disposed of 773 shares of common stock.
• The disposal was executed to satisfy tax withholding obligations related to the settlement of vested restricted stock units.
• The transaction was a disposal (D) of shares at a price of $142.43.
• Following the transaction, Zitkus directly owns 9,128 shares of Gulfport Energy Corp.
• The transaction was reported on August 14, 2024.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested stock, which is a common occurrence.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates