Form 4: Ranger Energy Services EVP Melissa Cougle Reports Share Award and Tax Withholding
SEC Form 4 Filing
Melissa Cougle, EVP & CFO of Ranger Energy Services, reports the acquisition of shares related to performance share units and a disposition of shares for tax withholding.
Summary
- On March 3, 2025, Melissa Cougle, EVP & CFO of Ranger Energy Services, acquired 21,751 shares of Class A Common Stock related to performance share units (PSUs) granted in 2022.
- These PSUs were earned for the three-year performance period ending December 31, 2024, and were approved by the Compensation Committee on March 3, 2025.
- Also on March 3, 2025, Ms. Cougle disposed of 8,851 shares of Class A Common Stock at a price of $16.15 per share for tax withholding purposes.
- Following these transactions, Ms. Cougle beneficially owns 84,742 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares due to PSU vesting suggests the company met certain performance goals. The sale of shares for tax purposes is a routine transaction.
Positives
- The acquisition of shares indicates that performance targets were met, reflecting positively on the company's performance over the three-year period ending December 31, 2024.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The vesting of PSUs reflects the company's performance and rewards employees.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance share units (PSUs) granted. |
| December 31, 2024 | End of the three-year performance period for the PSUs. |
| March 3, 2025 | Date of the reported transactions: acquisition of shares from PSUs and disposition for tax withholding; Compensation Committee approval date. |
| March 5, 2025 | Date of the Form 4 filing. |
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