Form 4: Ranger Energy Services Director Leykum Resigns, Stock Units Vested
SEC Form 4 Filing
Charles S. Leykum resigns from Ranger Energy Services' board, resulting in accelerated vesting and cash settlement of restricted stock units.
Summary
- Charles S. Leykum, a director of Ranger Energy Services, Inc., resigned from the board effective November 1, 2024.
- As a result of his resignation, the board accelerated the vesting of 6,262 restricted stock units granted to Mr. Leykum on July 25, 2024.
- The board also decided to settle 2,683 restricted stock units granted on the same date in cash.
- Following these transactions, Mr. Leykum directly owns 54,641 shares of Class A Common Stock.
- Additionally, 3,525,000 shares are indirectly held through CSL Energy Opportunities Fund II, L.P. and CSL Energy Opportunities Offshore Fund II, L.P., where Mr. Leykum disclaims beneficial ownership beyond his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a director's resignation and equity compensation, indicating a neutral sentiment.
Industry Context
This announcement reflects standard corporate governance procedures related to director resignations and the handling of equity compensation.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Charles S. Leykum | 11/01/2024 | Resignation |
Stakeholder Impact
- Shareholders may be interested in changes to the board of directors.
- Employees may be affected by changes in leadership.
Key Dates
| Date | Description |
|---|---|
| 07/25/2024 | Date restricted stock units were granted to Mr. Leykum |
| 11/01/2024 | Effective date of Charles S. Leykum's resignation from the board of directors |
| 11/01/2024 | Date of transaction involving restricted stock units |
| 11/12/2024 | Date of Form 4 filing |
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