Form 4: Range Resources SVP & General Counsel Erin McDowell Reports Stock Transactions

Erin McDowell, SVP & General Counsel of Range Resources, reports the sale and transfer of common stock related to deferred compensation and tax obligations.

Summary

• Erin McDowell, SVP & General Counsel of Range Resources Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 13, 2025, she sold 9,568 shares of common stock at $40.62 to cover withholding taxes related to a distribution from the 2004 Deferred Compensation Plan.
• On June 2, 2025, there was a transfer of 9,568 shares from an indirect holding to a direct holding due to a scheduled deferred compensation plan distribution.
• Following these transactions, Ms. McDowell directly owns 69,819 shares of common stock and indirectly owns 4,232 shares through a deferred compensation account.
• She also holds 84,515 unvested shares and 43,658 Performance Share Units (PSUs) as of May 13, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to deferred compensation and tax obligations. There's no indication of significant positive or negative sentiment.

Positives

• The reporting person is voluntarily disclosing the transfer of shares from an indirect holding to a direct holding, even though it is exempt from reporting.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Comparison to Industry Standards

• Comparing Erin McDowell's transactions to those of other General Counsels in similar-sized energy companies would provide a benchmark.
• For example, if the average stock ownership for GCs in comparable firms is significantly higher or lower, it could suggest different compensation strategies or levels of confidence in their respective companies.
• Analyzing the vesting schedules and performance metrics associated with the PSUs against industry norms would also be relevant.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Range Resources, RRC, Beneficial Ownership, Erin McDowell, Deferred Compensation, Stock Sale, PSUs