Form 4: Magnolia Oil & Gas Corp: SVP & CFO Brian Corales Reports Stock Transaction
SEC Form 4 Filing
Brian Corales, SVP & CFO of Magnolia Oil & Gas Corp, reports the disposition of 10,949 shares of Class A Common Stock to cover tax obligations.
Summary
- On March 1, 2024, Brian Corales, the SVP & CFO of Magnolia Oil & Gas Corporation, disposed of 10,949 shares of Class A Common Stock.
- The transaction was executed at a price of $23 per share.
- This disposition was related to covering tax obligations.
- Following the transaction, Corales directly owns 163,579 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction |
| 03/05/2024 | Date of signature on the Form 4 filing |
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