Form 4: Range Resources VP Kavanaugh Reports Stock Sale to Cover Tax Obligations

Ashley Kavanaugh, VP and Principal Accounting Officer at Range Resources, reports selling shares to cover withholding taxes related to a deferred compensation plan distribution.

Summary

• Ashley Kavanaugh, a VP at Range Resources, filed a Form 4 detailing changes in beneficial ownership.
• On May 12, 2025, Kavanaugh sold 12,880 shares of common stock at $39 per share to cover withholding taxes associated with a distribution from the 2004 Deferred Compensation Plan.
• Following the transaction, Kavanaugh directly owns 1,723 shares and indirectly owns 9,670 shares through a Deferred Comp Account, 11,288.9462 shares through a 401k, and 30,802 unvested shares.
• As of May 12, 2025, Kavanaugh also holds 6,777 Performance Share Units (PSUs).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

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