Form 4: Range Resources Corp: VP Kavanaugh Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ashley Kavanaugh, VP and Principal Accounting Officer at Range Resources Corp, reports changes in beneficial ownership of company stock due to company match deposited into deferred compensation account.
Summary
- On December 27, 2024, Ashley Kavanaugh, VP and Principal Accounting Officer of Range Resources Corp, reported changes in her beneficial ownership of the company's common stock.
- These changes are due to a company match deposited into her deferred compensation account, resulting in the acquisition of 232 shares at a price of $34.79 per share.
- Following the reported transaction, Ms. Kavanaugh's total holdings include 14,603 shares held indirectly through a deferred compensation account, 11,094.1712 shares held indirectly through a 401k, and 22,466 unvested shares.
- As of December 27, 2024, Ms. Kavanaugh also holds 3,205 Performance Share Units (PSUs).
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine compensation practices and insider ownership transparency.
Positives
- The company match into the deferred compensation account is a positive benefit for the reporting person.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for corporate insiders in publicly traded companies, ensuring transparency in their trading activities.
- Similar filings are made by executives at comparable companies like EQT Corporation and Southwestern Energy, detailing changes in their beneficial ownership of company stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees participating in deferred compensation plans may be interested in the details of company matching contributions.
Key Dates
| Date | Description |
|---|---|
| 12/27/2024 | Date of transaction: Company match deposited in to deferred compensation account. |
| 12/30/2024 | Date of signature on the Form 4 filing. |
| 12/31/2026 | Deferred compensation account is 100% vested. |
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