Form 4: Riley Exploration Permian Director Beth A. di Santo Acquires 12,500 Shares of Restricted Stock

Director Beth A. di Santo acquired 12,500 shares of restricted stock in Riley Exploration Permian, Inc. on April 23, 2024, under the company's 2021 Long Term Incentive Plan.

Summary

• On April 23, 2024, Beth A. di Santo, a director of Riley Exploration Permian, Inc. (REPX), acquired 12,500 shares of restricted common stock.
• The acquisition was made under the Issuer's 2021 Long Term Incentive Plan, pursuant to an engagement letter with an effective date of January 1, 2024.
• The shares were acquired at a price of $0.
• The restricted stock vests on January 1, 2025.
• Following the transaction, di Santo beneficially owns 33,500 shares of common stock, which includes 12,500 shares of restricted common stock subject to vesting and other restrictions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock is a standard practice and indicates confidence in the company's future, but it's not a major event that would drastically alter investor sentiment.

Positives

• The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the director until January 1, 2025.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects compensation practices using equity to align management and director interests with shareholder value.

Stakeholder Impact

• The acquisition of restricted stock by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates