Form 4: Ranger Energy Services CEO Stuart Bodden Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
CEO Stuart Bodden of Ranger Energy Services reports disposing of shares to cover tax obligations related to a restricted stock grant.
Summary
- On September 3, 2024, Stuart Bodden, CEO of Ranger Energy Services, disposed of 8,827 shares of Class A Common Stock to cover tax obligations.
- The shares were disposed of at a price of $12.45 per share.
- Following the transaction, Bodden directly owns 315,261 shares of Ranger Energy Services.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Similar transactions are common among executives to manage tax liabilities associated with equity compensation.
- Companies like Halliburton (HAL) and Schlumberger (SLB) also see similar filings from their executives regularly.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| September 2021 | Date of the restricted stock grant that triggered the tax obligation. |
| 09/03/2024 | Date of the share disposal transaction. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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