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 related to a restricted stock unit award.
Summary
- On February 16, 2025, Shawn D. Young, Vice President of Operations at Ring Energy, Inc., disposed of 13,448 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 $1.36 per share.
- Following the transaction, Young directly owns 245,968 shares of Ring Energy common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the executive compensation landscape, particularly in companies that utilize stock-based compensation. Executives often sell shares to cover tax obligations when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of transaction: Shawn D. Young disposed of shares to cover tax obligations. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, RING ENERGY, INC., REI, Shawn D. Young, Tax Withholding, Restricted Stock Unit
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