Form 4: Range Resources EVP & CFO Mark Scucchi Reports Share Acquisition Following PSU Vesting

Mark Scucchi, EVP & CFO of Range Resources, reports the acquisition of 59,994 shares of common stock on February 28, 2025, following the vesting of Performance Share Units (PSUs).

Summary

• On February 28, 2025, Mark Scucchi, the EVP & CFO of Range Resources, acquired 59,994 shares of common stock.
• The acquisition was a result of the vesting of Performance Share Units (PSUs) granted in February 2022.
• The vesting was based on the application of performance criteria, resulting in 160.0% of the target vesting for TSR PSUs and 169.16% of the target vesting for Absolute Measure PSUs.
• The shares were issued net of taxes at a price of $37.12 per share.
• Following the transaction, Scucchi directly owns 750,088 shares of Range Resources common stock.
• Scucchi also indirectly owns shares through a 401K (26,403.7504 shares), a Deferred Compensation Account (45,144 shares), an IRA (12,077 shares), and unvested shares (108,807 shares).
• As of February 28, 2025, Scucchi holds 156,502 Performance Share Units.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing related to executive compensation. The vesting of PSUs suggests the company met some performance targets, which is mildly positive.

Positives

• The vesting of PSUs indicates that Range Resources met certain performance criteria, suggesting positive performance.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in the energy industry.

Comparison to Industry Standards

• Executive compensation packages including PSUs are common across the oil and gas industry.
• Companies like EQT Corporation and Southwestern Energy also utilize PSUs as part of their executive compensation plans.
• The vesting percentages (160.0% and 169.16%) would need to be compared against industry benchmarks to assess if Range Resources' performance was above or below average relative to its peers.

Stakeholder Impact

• The vesting of PSUs aligns executive interests with shareholder value.

Key Dates