Form 4: Riley Exploration Permian CFO Acquires 20,324 Shares of Restricted Stock

Philip A. Riley, CFO & EVP Strategy of Riley Exploration Permian, acquired 20,324 shares of restricted stock on April 15, 2024, under the company's 2021 Long Term Incentive Plan.

Summary

• On April 15, 2024, Philip A. Riley, CFO & EVP Strategy of Riley Exploration Permian, Inc., acquired 20,324 shares of restricted stock.
• The acquisition was made under the Issuer's 2021 Long Term Incentive Plan.
• The shares were acquired at a price of $0.
• The restricted stock vests in equal amounts on April 1, 2025, April 1, 2026, and April 1, 2027, subject to certain contingencies and provisions allowing for accelerated vesting.
• Following the transaction, Riley beneficially owns 139,942 shares, including 104,206 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports an insider transaction. The acquisition of restricted stock can be seen as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of restricted stock by a key executive aligns their interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it indicates confidence from a key executive.

Key Dates