Form 4: PHX Minerals Inc. Executive Vice President and CFO, Raphael D'Amico, Reports Share Transaction

Raphael D'Amico, EVP and CFO of PHX Minerals Inc., disposed of 52,574 shares to cover payroll tax liabilities related to vesting restricted shares.

Summary

• Raphael D'Amico, the Executive Vice President and CFO of PHX Minerals Inc., filed a Form 4 indicating a transaction involving the company's common stock.
• On December 20, 2024, Mr. D'Amico disposed of 52,574 shares of common stock.
• The shares were disposed of at a price of $3.79 per share.
• This transaction was to cover payroll tax liabilities associated with the vesting of previously granted restricted shares.
• Following this transaction, Mr. D'Amico beneficially owns 553,838 shares of PHX Minerals Inc. common stock, which includes restricted shares with vesting based on performance criteria and elapsed time.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's share transaction. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders, providing transparency into their transactions in company stock. This filing is specific to an individual transaction and does not reflect broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• The transaction is typical for executives who receive stock-based compensation, where shares are often sold to cover tax obligations upon vesting.
• Similar filings are made by executives at comparable companies such as Southwestern Energy (SWN) and EQT Corporation (EQT) when they engage in similar transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, PHX Minerals Inc., Raphael D'Amico, insider trading, share transaction, executive compensation, restricted shares, payroll tax, beneficial ownership