Form 4: Sandridge Energy EVP, CFO Jonathan Frates Awarded 20,000 Restricted Stock Units

Jonathan Frates, EVP and CFO of Sandridge Energy, received 20,000 restricted stock units on March 6, 2025, which will vest on the third anniversary of the grant date.

Summary

• Jonathan Frates, the EVP and Chief Financial Officer of Sandridge Energy Inc., was granted 20,000 restricted stock units (RSUs) on March 6, 2025.
• These RSUs represent a contingent right to receive one share of Sandridge Energy common stock per unit.
• The RSUs will vest 100% on the third anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and suggests confidence in the executive and the company's future performance.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing him to improve the company's performance over the long term.

Risks

• The value of the RSUs is dependent on the future performance of Sandridge Energy's stock, which is subject to market risks and company-specific factors.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

Granting restricted stock units is a common practice in the energy industry to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSUs, are common in the oil and gas industry.
• Companies like Devon Energy, Continental Resources, and EOG Resources also utilize RSUs as part of their executive compensation plans.
• The vesting schedule of three years is fairly standard for RSU grants.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with long-term company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates