Form 4: Prairie Operating Co. President Gary C. Hanna Reports Acquisition and Disposal of Securities

Gary C. Hanna, President of Prairie Operating Co., reports the acquisition of restricted stock units and performance units, as well as the disposal of common stock.

Summary

• Gary C. Hanna, President of Prairie Operating Co., filed a Form 4 detailing changes in beneficial ownership.
• On June 12, 2024, Hanna acquired 125,619 restricted stock units (RSUs) and 83,746 performance units under the company's Long-Term Incentive Plan.
• The RSUs will vest ratably in three annual installments starting March 5, 2025.
• The performance units, granted under the LTIP, are eligible to vest between 0% and 200% during a three-year performance period from January 1, 2024, to December 31, 2026, based on relative total shareholder return.
• Hanna also disposed of 1,274,453 shares of common stock on June 12, 2024.
• A reverse stock split at an exchange ratio of 1:28.5714286 was affected by the Issuer on October 16, 2023.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions and grants of securities, without expressing explicit positive or negative views.

Positives

• The grant of RSUs and performance units aligns executive compensation with the company's long-term performance and shareholder value.

Future Outlook

The vesting of RSUs and performance units is contingent upon continued employment and the company's relative total shareholder return.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may be interested in the alignment of executive compensation with company performance.

Key Dates