Form 4: Ranger Energy Director Michael Kearney Reports Share Transactions and RSU Vesting

Ranger Energy Services, Inc. Director Michael C. Kearney reported the acquisition of 8,945 Class A Common Stock shares through RSU conversion and the disposition of 2,683 shares, resulting in a net increase in direct holdings.

Summary

• Director Michael C. Kearney acquired 8,945 shares of Class A Common Stock at $12.35 per share on July 25, 2025, through the exercise/conversion of restricted stock units (RSUs).
• Concurrently, Kearney disposed of 2,683 shares of Class A Common Stock at $12.35 per share on July 25, 2025.
• Following these transactions, Kearney directly beneficially owns 40,895 shares of Class A Common Stock.
• On July 24, 2025, 10,712 restricted stock units were acquired, which are exercisable and expire on July 24, 2026.
• On July 25, 2025, 8,945 restricted stock units were disposed of (converted), which were exercisable and expired on July 25, 2025.
• Each restricted stock unit represents the right to receive one share of Class A Common Stock without payment.
• Michael C. Kearney executed a Power of Attorney on July 23, 2025, appointing Melissa Cougle, Justin Whitley, and Pam Tudor to act as attorney-in-fact for SEC filings and EDGAR system submissions.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While there was a sale of shares, the primary event was the vesting and conversion of RSUs, leading to a net increase in the director's direct holdings. This indicates continued alignment of the director's interests with the company's performance, which is generally viewed favorably. The sale of a portion of shares is often for tax purposes and not necessarily a negative signal.

Positives

• Director Michael C. Kearney increased his direct beneficial ownership of Class A Common Stock by 6,262 shares (8,945 acquired 2,683 disposed) through RSU conversion and a partial sale.
• The acquisition of shares through RSU conversion indicates the vesting of equity compensation, aligning management's interests with shareholders.

Negatives

• A portion of the acquired shares (2,683 shares) was immediately disposed of, which, while often for tax purposes, reduces the net increase in direct ownership.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report for an individual director of an energy services company. It does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• The reported transactions are related-party transactions as they involve a director of the company acquiring and disposing of company stock.

Stakeholder Impact

• Shareholders: The net increase in director ownership, even after a partial sale, can be seen as a positive signal of management's continued belief in the company's value and alignment with shareholder interests.

Key Dates

Recommendation

The filing reports routine insider transactions related to equity compensation vesting. While there's a net increase in the director's holdings, a portion was sold, which is common for tax purposes. This type of transaction typically doesn't signal a strong buy or sell, but rather a standard compensation event. Investors should consider this information in the broader context of the company's financial performance and market conditions.

Keywords

Ranger Energy Services, RNGR, Michael C. Kearney, Insider Trading, Form 4, SEC Filing, Stock Transaction, Restricted Stock Units, Equity Compensation, Director Holdings