Form 4: Northern Oil & Gas CFO Chad W. Allen Reports Stock Transaction
SEC Form 4 Filing
Chad W. Allen, CFO of Northern Oil & Gas, reports the surrender of 7,069 shares of common stock to cover taxes upon vesting of restricted stock on March 15, 2024.
Summary
- On March 15, 2024, Chad W. Allen, the CFO of Northern Oil & Gas, surrendered 7,069 shares of common stock.
- The transaction was to cover taxes payable upon the vesting of restricted stock.
- The price per share for the transaction was $37.91.
- Following the transaction, Allen directly owns 82,133 shares of Northern Oil & Gas common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for covering tax obligations related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock surrender transaction. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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