Form 4: Riley Exploration Permian Director Acquires Restricted Stock

Brent Alexander Arriaga, a director at Riley Exploration Permian, acquired 6,849 shares of restricted stock on June 1, 2024, under the company's 2021 Long Term Incentive Plan.

Summary

• On June 1, 2024, Brent Alexander Arriaga, a director of Riley Exploration Permian, acquired 6,849 shares of restricted stock.
• The acquisition was made under the Issuer's Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• The shares vest on the first anniversary of the grant date, which is June 1, 2024.
• Following the transaction, Arriaga beneficially owns 15,527 shares, including the 6,849 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages the director's continued service and contribution to the company.

Industry Context

This type of stock grant is a common practice in the oil and gas industry to incentivize and retain key personnel.

Comparison to Industry Standards

• Granting restricted stock to directors is a standard practice across the industry to align their interests with shareholders.
• Companies like ExxonMobil, Chevron, and ConocoPhillips also utilize similar long-term incentive plans for their executives and directors.

Stakeholder Impact

• The acquisition of restricted stock by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates