Form 4: SandRidge Energy CEO Grayson R. Pranin Reports Stock Transactions
SEC Form 4
Grayson R. Pranin, President, CEO, and COO of SandRidge Energy, reports the acquisition and disposal of common stock and restricted stock units on February 26, 2024.
Summary
- On February 26, 2024, Grayson R. Pranin, the President, CEO, and COO of SandRidge Energy Inc., reported transactions involving the company's stock.
- Pranin acquired 4,990 shares of common stock through the vesting of restricted stock units at a price of $0.00.
- Simultaneously, Pranin disposed of 1,717 shares of common stock at a price of $12.71.
- Following these transactions, Pranin directly owns 121,819 shares of SandRidge Energy Inc.
- The reported transactions also involved restricted stock units, each representing a contingent right to receive one share of common stock, which vest in one-third increments annually from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding the CEO's stock ownership and trading activity.
- The transactions may have a minor impact on the stock price due to the volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| March 9, 2021 | Date of Power of Attorney execution, granting Gaye Wilkerson the authority to execute SEC filings on behalf of Grayson R. Pranin. |
| February 26, 2024 | Date of the reported stock transactions, including acquisition and disposal of common stock and vesting of restricted stock units. |
| February 28, 2024 | Date of signature for the Form 4 filing by Gaye Wilkerson, Power of Attorney for Grayson R. Pranin. |
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