Form 4: Riley Exploration Permian Chief Accounting Officer Forfeits Shares Upon Separation
SEC Form 4 Filing
Amber Bonney, Chief Accounting Officer of Riley Exploration Permian, Inc., forfeited 16,448 shares of common stock on June 1, 2024, as part of a separation agreement.
Summary
- On June 1, 2024, Amber Bonney, the Chief Accounting Officer of Riley Exploration Permian, Inc. (REPX), forfeited 16,448 shares of common stock.
- The forfeiture was executed as part of a Separation and Release Agreement between Bonney and the Issuer.
- Following the transaction, Bonney beneficially owns 75,626 shares of common stock, including 61,773 shares of restricted common stock subject to vesting and other restrictions.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to an executive's departure.
Industry Context
This filing reflects a change in personnel at Riley Exploration Permian, which is a common occurrence in the oil and gas industry. The forfeiture of shares is directly related to the separation agreement.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Accounting Officer | Amber Bonney | 06/01/2024 | Separation and Release Agreement |
Stakeholder Impact
- Shareholders may be interested in changes in company leadership and associated transactions.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of share forfeiture and Separation and Release Agreement. |
| 06/04/2024 | Date of Form 4 filing. |
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