Form 4: Ring Energy EVP, CFO Travis Thomas Reports Tax Withholding Transaction
SEC Form 4 Filing
Travis Thomas, EVP and CFO of Ring Energy, Inc., reports the withholding of 5,819 common stock shares to cover tax obligations related to a restricted stock unit award.
Summary
- On June 17, 2024, Travis Thomas, the EVP and CFO of Ring Energy, Inc., had 5,819 shares of common stock withheld by the company.
- This was done to cover tax withholding obligations arising from the settlement of a restricted stock unit award granted under Ring Energy's long-term incentive plan.
- Following this transaction, Thomas directly owns 543,619 shares of Ring Energy common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the transaction where shares were withheld for tax obligations. |
| 06/18/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.