Form 4: Riley Exploration Permian Chief Accounting Officer Reports Tax-Related Stock Disposition

Jeffrey Gutman, Chief Accounting Officer of Riley Exploration Permian, Inc., reported the disposition of 1,525 shares of common stock on July 1, 2025, to satisfy tax withholding obligations upon restricted stock vesting.

Summary

• Jeffrey Gutman, the Chief Accounting Officer of Riley Exploration Permian, Inc. (REPX), reported a transaction on July 1, 2025.
• The transaction involved the disposition of 1,525 shares of common stock at a price of $26.23 per share.
• This disposition was a non-discretionary surrender of shares to satisfy withholding tax liability incurred upon the vesting of restricted stock.
• The restricted stock was originally issued to Mr. Gutman pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• Following this transaction, Jeffrey Gutman beneficially owns 44,577 shares of common stock.
• Of the beneficially owned shares, 41,993 shares are restricted common stock that remain subject to vesting and certain other restrictions.

Sentiment

Score: 6

Explanation: The document reports a routine, non-discretionary transaction related to equity compensation vesting. It is a neutral event in terms of company operations or strategy, but the vesting itself is a positive for the executive, indicating performance or time-based milestones were met.

Positives

• The vesting of restricted stock indicates that performance or time-based conditions, if any, were met, allowing the executive to realize equity compensation.
• The transaction is a routine, non-discretionary event related to tax obligations, rather than a voluntary sale by the officer.

Negatives

• The disposition of 1,525 shares, even for tax purposes, results in a reduction of the officer's direct equity holdings in the company.

Future Outlook

The document does not provide any forward-looking statements or guidance, as it is a report of a past insider transaction related to equity compensation.

Management Comments

• "These shares were surrendered to satisfy the withholding tax liability incurred upon the vesting of shares of restricted stock originally issued to the reporting person pursuant to the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan and does not represent a discretionary trade by the reporting person."

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to equity compensation vesting. It does not provide broader industry context or trends, as it focuses solely on an individual's stock ownership changes within Riley Exploration Permian, Inc.

Comparison to Industry Standards

• This document reports a standard tax-related disposition of shares upon the vesting of restricted stock, which is a common practice in executive compensation across various industries, including the oil and gas sector where Riley Exploration Permian operates. No specific comparable companies, projects, or results are mentioned within the document to benchmark against.

Stakeholder Impact

• Shareholders: The transaction represents a standard executive compensation event with minimal direct impact on share price or company operations. It reflects the ongoing execution of the company's equity incentive plan.
• Employees: The vesting of restricted stock for the Chief Accounting Officer indicates the company's equity incentive plan is active and delivering compensation, which can be a positive for employee morale and retention.

Next Steps

• Continued vesting of the remaining 41,993 restricted shares held by Jeffrey Gutman as per the terms of the 2021 Long Term Incentive Plan.

Key Dates

Keywords

Riley Exploration Permian, REPX, Form 4, Insider Transaction, Stock Vesting, Restricted Stock, Tax Withholding, Jeffrey Gutman, Chief Accounting Officer, Equity Compensation