Form 4: Range Resources CEO Dennis Degner Acquires Shares Through Deferred Compensation
SEC Form 4 Filing
Range Resources CEO Dennis Degner reports acquisition of common stock through deferred compensation.
Summary
- Dennis Degner, CEO & President of Range Resources Corp, reported a transaction on February 5, 2025.
- He acquired 58,222 shares of common stock at a price of $37.7862 per share through a deferred compensation account.
- Following the transaction, Mr. Degner directly owns 624,250 shares of common stock.
- He also indirectly owns 94,281 shares through a deferred compensation account and 191,084 unvested shares.
- As of February 5, 2025, Mr. Degner holds 335,088 unvested Performance Share Units (PSU's).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing. The CEO's stock acquisition could be seen as a positive signal, but it's part of a deferred compensation plan.
Positives
- The CEO's acquisition of shares may signal confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership of Range Resources stock by its CEO.
Stakeholder Impact
- The CEO's stock acquisition could be viewed positively by shareholders, potentially increasing investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Acquisition of common stock. |
| 02/05/2025 | Mr. Degner also holds 335,088 unvested Performance Share Units (PSU's). |
| 02/07/2025 | Date of signature on the Form 4 filing. |
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