Form 4: Sandridge Energy Executive Dean Parrish Reports Stock Unit Vesting
SEC Form 4
Dean Parrish, SVP & Chief Operating Officer of Sandridge Energy, reports the vesting of 5,674 restricted stock units on May 17, 2024.
Summary
- On May 17, 2024, Dean Parrish, the SVP & Chief Operating Officer of Sandridge Energy Inc., reported the vesting of 5,674 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of common stock.
- The restricted stock units vest in one-third increments on each of the first, second, and third anniversaries of the grant date.
- Following the transaction, Mr. Parrish directly owns 5,674 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock unit vesting, a routine part of executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: vesting of restricted stock units |
| 05/21/2024 | Date of signature for the Form 4 filing |
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