Form 4: Ring Energy Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shawn D. Young, Vice President of Operations at Ring Energy, Inc., disposed of shares to cover tax withholding obligations.
Summary
- On February 13, 2025, Shawn D. Young, Vice President of Operations at Ring Energy, Inc., disposed of 13,718 shares of common stock.
- The shares were withheld by Ring Energy to cover tax withholding obligations arising from the settlement of a restricted stock unit award.
- The transaction price was $1.32 per share.
- Following the transaction, Young directly owns 259,416 shares of Ring Energy common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related share withholding, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of transaction: Disposition of shares to cover tax obligations. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Shawn D. Young, Ring Energy, REI, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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