Form 4: Director Brenda Cline Adjusts Range Resources Holdings
Statement of Changes in Beneficial Ownership
Director Brenda Cline reported a routine equity grant and a transfer of shares between indirect and direct holdings.
Summary
- Director Brenda A. Cline received an equity grant of 4,967 shares of common stock on May 13, 2026, valued at $41.2745 per share.
- On May 14, 2026, the director transferred 5,258 shares from an indirect holding (Family Limited Partnership) to a direct holding.
- Following these transactions, the director maintains a total beneficial ownership of 128,047 shares across various accounts.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it reflects standard director compensation and personal portfolio management.
Positives
- The director continues to maintain a significant equity stake in the company, aligning interests with shareholders.
Negatives
- None identified; the transactions represent routine administrative and compensation-related activity.
Risks
- None identified; this is a standard disclosure of director equity movements.
Future Outlook
The shares granted on May 13, 2026, are scheduled to vest 100% on the one-year anniversary of the grant.
Industry Context
StockSavvy.ai notes that director equity grants and internal transfers are standard corporate governance practices in the energy sector, reflecting routine compensation cycles rather than strategic shifts.
Comparison to Industry Standards
- The equity grant structure follows standard industry practices for independent directors in the oil and gas sector.
- The disclosure of internal transfers is consistent with SEC transparency requirements for corporate insiders.
Related Party Transactions
- Transfer of shares from a Family Limited Partnership to a direct holding.
Stakeholder Impact
- Minimal impact; the transactions do not represent a change in the director's total economic interest in the company.
Next Steps
- Vesting of the 4,967 shares granted on May 13, 2026, expected on May 13, 2027.
Key Dates
| Date | Description |
|---|---|
| 2026-05-13 | Grant of unvested common stock to Director Brenda Cline. |
| 2026-05-14 | Transfer of shares from indirect to direct ownership. |
| 2026-05-15 | Filing date of the Form 4. |
Keywords
Range Resources, RRC, Form 4, Insider Trading, Director Equity, Energy Sector
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