Form 4: SandRidge Energy CEO Pranin Reports Stock Transactions
Insider Transaction Report
SandRidge Energy's President, CEO, and Director, Grayson R. Pranin, reported routine transactions involving common stock, including the vesting of equity awards and subsequent tax-related dispositions.
Summary
- Grayson R. Pranin, President, CEO, and Director of SandRidge Energy Inc. (SD), reported multiple transactions on March 12, 2026.
- Acquired 5,277 shares of common stock through the conversion of restricted stock units (RSUs).
- Disposed of 1,803 shares of common stock at $16.75, likely for tax withholding related to the RSU conversion.
- Acquired 7,915 shares of common stock from the vesting and settlement of Performance Share Units (PSUs) granted on March 12, 2025, under the Issuer's 2016 Omnibus Incentive Plan.
- Disposed of 2,278 shares of common stock at $16.75, likely for tax withholding related to the PSU vesting.
- Following these transactions, Pranin's direct beneficial ownership of common stock is 169,418 shares.
- An additional 10,553 restricted stock units remain beneficially owned, which will vest in one-third increments on the first, second, and third anniversaries of their grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation-related stock transactions, which are neither inherently positive nor negative for the company's operational outlook.
Positives
- Vesting of 5,277 restricted stock units, converting into common stock, indicating successful achievement of compensation milestones.
- Vesting and settlement of 7,915 Performance Share Units, converting into common stock, aligning executive interests with company performance.
- Continued executive compensation through equity awards demonstrates management's ongoing stake in the company's success.
Negatives
- Disposition of 1,803 shares of common stock at $16.75 per share, likely for tax withholding purposes.
- Disposition of 2,278 shares of common stock at $16.75 per share, also likely for tax withholding purposes.
Future Outlook
Remaining restricted stock units will vest in one-third increments on the first, second, and third anniversaries of their grant date, indicating future equity compensation events.
Industry Context
StockSavvy.ai notes that these are routine insider transactions common in the energy sector, reflecting the standard practice of executive compensation through equity awards to align management incentives with company performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reference to Incentive Plan | Transactions occurred under the Issuer's 2016 Omnibus Incentive Plan, as amended, indicating the framework for executive equity compensation. | NA | Reinforces the existing executive compensation structure and governance around equity awards. |
Stakeholder Impact
- Shareholders: Minor impact as these are routine compensation-related transactions, not indicative of a change in company strategy or financial health.
- Employees (Executive): Direct impact on Grayson R. Pranin's personal holdings and compensation, aligning his interests with company performance.
Next Steps
- Future vesting of remaining restricted stock units in one-third increments on the first, second, and third anniversaries of their grant date.
Key Dates
| Date | Description |
|---|---|
| 2025-03-12 | Grant date of Performance Share Units (PSUs) that vested on March 12, 2026. |
| 2026-03-12 | Date of reported stock transactions, including RSU conversion, PSU vesting, and tax-related dispositions. |
| 2026-03-16 | Signature date of the Form 4 filing by Power of Attorney. |
Keywords
SandRidge Energy, SD, Form 4, insider transaction, executive compensation, restricted stock units, performance share units, equity awards, stock vesting, Grayson R. Pranin
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