Form 4: Vital Energy Executive Mark Denny Reports Tax Withholding Transaction
SEC Form 4 Filing
Mark Denny, EVP, Gen. Counsel & Secretary of Vital Energy, Inc., reports the withholding of 1,644 common stock shares by the issuer to cover tax obligations related to vesting restricted shares.
Summary
- On February 14, 2025, Mark Denny, an executive at Vital Energy, Inc., had 1,644 shares of common stock withheld by the company.
- This withholding was to cover tax obligations related to the vesting of restricted shares previously granted to Mr. Denny under the company's Omnibus Equity Incentive Plan.
- Following the transaction, Mr. Denny directly owns 24,714 shares of Vital Energy common stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a standard procedure for executives receiving equity compensation, where a portion of shares are withheld to cover income tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: Shares withheld for tax obligations. |
| 02/18/2025 | 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.