Form 4: Ranger Energy Services SVP J. Matt Hooker Reports Acquisition of Restricted Stock

J. Matt Hooker, SVP of Well Services at Ranger Energy Services, reports the acquisition of 14,854 shares of Class A Common Stock as a grant of restricted stock.

Summary

• J. Matt Hooker, SVP of Well Services at Ranger Energy Services, filed a Form 4 on March 4, 2024.
• The form reports a transaction that occurred on February 29, 2024, where Hooker acquired 14,854 shares of Class A Common Stock.
• These shares were acquired as a grant of restricted stock.
• The restricted stock vests annually in three equal installments.
• Following the reported transaction, Hooker beneficially owns 89,044 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock grant, which is neither particularly positive nor negative on its own.

Positives

• The acquisition of restricted stock suggests confidence in the company's future performance.

Future Outlook

The restricted stock vests annually in three equal installments.

Industry Context

Form 4 filings are routine disclosures required by the SEC for company insiders, providing transparency into their trading activities. This specific filing indicates an equity grant to a senior executive, which is a common practice in the energy services industry to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of restricted stock by a company executive can be viewed positively by shareholders as it aligns management's interests with the company's performance.

Key Dates