Form 4: Range Resources EVP & CFO Mark Scucchi Reports Stock Sale and Deferred Compensation Plan Distribution

Mark Scucchi, EVP & CFO of Range Resources, reports the sale of shares to cover withholding taxes and a transfer related to a deferred compensation plan distribution.

Summary

• Mark Scucchi, the EVP & CFO of Range Resources, filed a Form 4 detailing changes in beneficial ownership.
• On May 16, 2024, Scucchi sold 49,569 shares of common stock at a price of $36.91 per share to cover withholding taxes associated with a required distribution from the 2004 Deferred Compensation Plan.
• On June 3, 2024, there was a transfer of 49,569 shares from an indirect holding to a direct holding due to a scheduled deferred compensation plan distribution.
• As of May 16, 2024, Scucchi also holds 172,217 Performance Share Units (PSUs).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but the reason for the sale (covering taxes) is a common and generally understood practice.

Key Dates