Form 4: Prairie Operating Co. President Gary C. Hanna Receives 61,560 Restricted Stock Units

Prairie Operating Co. President Gary C. Hanna was granted 61,560 restricted stock units that will vest on December 18, 2025.

Summary

• Gary C. Hanna, President of Prairie Operating Co., received 61,560 restricted stock units (RSUs) on December 17, 2024.
• These RSUs were granted under the company's 2024 Amended & Restated Long-Term Incentive Plan.
• Each RSU represents the right to receive one share of common stock upon vesting.
• The RSUs will vest 100% on December 18, 2025.
• Following this transaction, Mr. Hanna beneficially owns 1,336,013 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to slightly positive as it aligns management with shareholder interests.

Positives

• The grant of RSUs aligns management's interests with those of shareholders.
• The vesting schedule encourages long-term performance and retention of the President.

Industry Context

This is a standard practice for public companies to incentivize and retain key executives through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies to align executive compensation with shareholder value.
• Many companies in the oil and gas sector, such as EOG Resources and Pioneer Natural Resources, use similar long-term incentive plans.
• The vesting period of one year is fairly standard for these types of grants.

Stakeholder Impact

• The RSU grant may have a slightly positive impact on shareholder sentiment as it aligns management's interests with the company's long-term performance.

Key Dates

Keywords

restricted stock units, RSUs, insider trading, beneficial ownership, equity compensation, Prairie Operating Co., Form 4, Gary C. Hanna