Form 4: Vital Energy CEO M. Jason Pigott Reports Stock Transactions
SEC Form 4 Filing
Vital Energy's CEO, M. Jason Pigott, reports the vesting of performance units and associated stock transactions.
Summary
- On February 21, 2025, M. Jason Pigott, the President & CEO of Vital Energy, Inc., reported transactions involving the company's common stock.
- These transactions include the vesting of performance units, which converted into 23,624 shares of common stock at a price of $28.76.
- Additionally, 14,740 shares were withheld by Vital Energy to cover tax obligations related to the vesting of restricted shares and performance share units, also valued at $28.76.
- Following these transactions, Pigott directly owns 246,033 shares of Vital Energy common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation.
Positives
- The vesting of performance units indicates that certain performance goals were met, which could be viewed positively.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date of original Form 4 filing by the Issuer regarding the performance units. |
| 12/31/2024 | End of the three-year performance period for the performance units. |
| 02/21/2025 | Date of the reported transactions (vesting of performance units and tax withholding). |
| 02/25/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.