Form 4: Magnolia Oil & Gas CEO Christopher Stavros Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Christopher Stavros disposed of 75,045 shares of Magnolia Oil & Gas Corp to cover tax obligations related to vested stock.
Summary
- On March 1, 2024, Christopher Stavros, CEO and Director of Magnolia Oil & Gas Corp, disposed of 75,045 shares of Class A Common Stock.
- The transaction was executed to cover tax obligations.
- Following the transaction, Stavros directly owns 861,842 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions by an insider, and doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposal of shares. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.