Form 4: Northern Oil & Gas President Sells Shares for Tax

Northern Oil & Gas President Adam A. Dirlam disposed of 6,637 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• Adam A. Dirlam, President of Northern Oil & Gas, Inc. (NOG), reported a transaction involving the company's common stock.
• On December 29, 2025, Dirlam disposed of 6,637 shares of common stock.
• The disposition was a surrender of shares to the issuer to pay taxes payable upon the vesting of restricted stock.
• The shares were valued at $21.9 per share, reflecting the last closing price on or before the date the shares were surrendered.
• Following this transaction, Dirlam directly beneficially owns 92,910 shares of common stock.
• Additionally, Dirlam indirectly beneficially owns 18,163 shares of common stock through his spouse.

Sentiment

Score: 5

Explanation: The transaction is a routine tax-related disposition of shares upon restricted stock vesting, which is a common and expected event for executives and does not indicate a change in company fundamentals or management's confidence.

Future Outlook

NA

Industry Context

NA

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to cover tax liabilities associated with restricted stock vesting. This is a common and expected event and does not reflect a change in the company's operational performance, strategic direction, or the executive's long-term confidence in the company. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Northern Oil & Gas, NOG, Adam A. Dirlam, Form 4, Insider Transaction, Stock Disposition, Restricted Stock, Tax Withholding