Form 4: Ranger Energy Exec's Equity Holdings Update

Ranger Energy Services Executive Vice President J. Matt Hooker reported changes in his beneficial ownership, including the vesting of performance share units and the grant of restricted stock units.

Summary

• J. Matt Hooker, Executive VP, Well Services at Ranger Energy Services, Inc. (RNGR), reported changes in his beneficial ownership.
• Acquired 13,998 shares of Class A Common Stock on March 3, 2026, which were earned from performance share units (PSUs) granted in 2023 for the three-year performance period ending December 31, 2025.
• Disposed of 5,854 shares of Class A Common Stock on March 3, 2026, at a price of $17.14 per share, likely for tax withholding purposes related to the PSU vesting.
• Acquired 12,605 Restricted Stock Units (RSUs) on March 3, 2026, with each unit representing a right to receive one share of Class A Common Stock.
• Following these transactions, Hooker beneficially owns 104,038 shares of Class A Common Stock directly and 12,605 derivative Restricted Stock Units directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive filing, reflecting successful achievement of performance targets for the reporting executive and continued alignment of management incentives with shareholder value through new equity grants.

Positives

• The vesting of 13,998 performance share units indicates the achievement of performance targets for the 2023-2025 period, reflecting positively on company performance during that time.
• The grant of 12,605 Restricted Stock Units aligns management incentives with long-term shareholder value, as these units vest over several years.

Negatives

• The disposition of 5,854 shares, while likely for tax withholding, reduces the executive's direct share ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that equity compensation, such as Performance Share Units (PSUs) and Restricted Stock Units (RSUs), is a standard practice in the energy services industry to incentivize executives and align their interests with long-term company performance. The vesting of PSUs suggests the company met its performance targets during a specific period, which is generally a positive indicator for the sector.

Comparison to Industry Standards

• Equity compensation structures involving PSUs and RSUs are common across the oilfield services sector, similar to companies like Halliburton (HAL) or Schlumberger (SLB), which use performance-based awards to retain talent and drive results.
• The specific vesting schedule for RSUs (three equal annual installments) is a standard approach to ensure long-term retention and continued executive commitment, comparable to practices seen in other publicly traded energy service providers.
• The disposition of shares for tax withholding is a routine event following equity award vesting, consistent with compensation practices across most U.S. public companies.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity compensation. The vesting of PSUs suggests past performance targets were met, which is generally positive.
• Employees: Reflects standard executive compensation practices, potentially signaling stability in leadership.

Next Steps

• The first installment of Restricted Stock Units is scheduled to vest on March 14, 2027.
• Subsequent RSU installments are expected to vest annually thereafter until March 14, 2029.

Key Dates

Keywords

Ranger Energy Services, RNGR, J. Matt Hooker, Form 4, Insider Trading, Equity Compensation, Performance Share Units, Restricted Stock Units, Stock Ownership