Form 4: Ranger Energy Services CEO Stuart Bodden Reports Share Acquisition and Disposal

CEO Stuart Bodden reports acquisition of shares related to performance share units and disposal of shares to cover tax obligations.

Summary

• On April 18, 2024, Stuart Bodden, CEO of Ranger Energy Services, acquired 191,790 shares of Class A Common Stock related to performance share units (PSUs) granted in 2021.
• These PSUs were earned for the three-year performance period ending on March 15, 2024, and the acquisition was approved by the Compensation Committee on April 18, 2024.
• On the same day, Bodden disposed of 70,129 shares of Class A Common Stock at a price of $10.71.
• Following these transactions, Bodden beneficially owns 316,304 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. The acquisition suggests performance targets were met, while the disposal is likely for tax purposes.

Positives

• The acquisition of shares indicates that performance targets were met, resulting in the vesting of performance share units.

Negatives

• The disposal of shares may be perceived negatively, although it is likely to cover tax obligations related to the vesting of PSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards like PSUs to align management's interests with those of shareholders.
• The vesting of PSUs based on performance metrics is a standard practice.
• Similar to other companies, Ranger Energy Services uses equity compensation to incentivize and retain key executives.

Stakeholder Impact

• The vesting of PSUs and subsequent share transactions can influence shareholder perception of management's performance and alignment with company goals.

Key Dates