Form 4: Riley Exploration Permian COO Suter Reports Routine Tax Withholding on Restricted Stock Vesting

John Patrick Suter, Chief Operating Officer of Riley Exploration Permian, Inc., reported the disposition of 1,521 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Summary

• John Patrick Suter, the Chief Operating Officer of Riley Exploration Permian, Inc. (REPX), reported a transaction involving the company's common stock.
• On July 1, 2025, Suter disposed of 1,521 shares of common stock at a price of $26.23 per share.
• This disposition was not a discretionary trade but rather a surrender of shares to satisfy the withholding tax liability incurred upon the vesting of restricted stock.
• The restricted stock was originally issued to Suter under the Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• Following this transaction, Suter beneficially owns 73,964 shares of common stock, which includes 70,259 shares of restricted common stock still subject to vesting and other restrictions.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. While shares were 'disposed of,' it was a non-discretionary transaction for tax purposes, indicating the vesting of restricted stock, which is a positive event for the executive and reflects the company's long-term incentive program.

Positives

• The transaction indicates the vesting of restricted stock, which is a positive event for the Chief Operating Officer as it represents a realization of long-term incentives.
• The underlying restricted stock grant aligns management's interests with shareholder value creation through long-term incentive plans.

Negatives

• No direct negative implications are present as the transaction is a non-discretionary tax withholding event.

Future Outlook

The document does not contain forward-looking statements or guidance beyond the details of the reported transaction.

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 transaction, specifically a tax withholding related to executive compensation. It does not provide information on broader industry trends or competitive dynamics within the oil and gas exploration and production sector.

Stakeholder Impact

• Shareholders: The transaction is a routine, non-discretionary event related to executive compensation and does not indicate a change in the company's operational or financial performance. It reflects the ongoing execution of the company's long-term incentive plan.
• Employees: The vesting of restricted stock for a key executive may signal the company's commitment to its long-term incentive programs for its leadership.

Key Dates

Keywords

Riley Exploration Permian, REPX, SEC Form 4, Insider Transaction, Restricted Stock, Tax Withholding, Executive Compensation, Common Stock, John Patrick Suter, Chief Operating Officer