Form 4: Range Resources SVP & General Counsel Erin W. McDowell Reports Beneficial Ownership Changes

Sentiment:

SEC Form 4 Filing


Erin W. McDowell, SVP & General Counsel of Range Resources Corp, reports acquisition of common stock and updates to beneficial ownership.

Summary

  • On February 5, 2025, Erin W. McDowell, SVP & General Counsel of Range Resources Corp, reported changes in beneficial ownership.
  • McDowell acquired 1,221 shares of common stock at $37.7862 through a company match in a deferred compensation account, which vests on December 31, 2027.
  • She also acquired 20,510 shares of common stock at $37.7862, determined by a 5-day volume-weighted average price.
  • Following these transactions, McDowell directly owns 60,251 unvested common stock shares.
  • Indirectly, she owns 23,368 shares in a deferred compensation account and 84,515 unvested shares.
  • As of February 5, 2025, McDowell also holds 43,658 unvested Performance Share Units (PSU's).

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard regulatory filing reporting transactions.

Positives

  • The acquisition of shares by a company officer can be seen as a positive sign of confidence in the company's future.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders.

Comparison to Industry Standards

  • Comparing McDowell's holdings and transactions to those of other executives at similar companies would require further research into peer group filings.
  • The vesting schedule of the deferred compensation account (December 31, 2027) is a typical vesting period for such benefits.

Stakeholder Impact

  • The reported transactions provide shareholders with insight into the actions of company leadership.

Key Dates

DateDescription
02/05/2025Date of the reported transactions.
02/05/2025Company match deposited into deferred compensation account.
12/31/2027Vesting date for the company match in the deferred compensation account.
02/07/2025Date of signature on the Form 4 filing.

Keywords

beneficial ownership, Range Resources, RRC, Form 4, McDowell, common stock, deferred compensation, PSU

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