Form 4: Vitesse Energy Director Brian P. Friedman Forfeits Performance Stock Units

Director Brian P. Friedman of Vitesse Energy, Inc. reports the forfeiture of 3,398 Transitional Plan Performance Stock Units on December 17, 2024.

Summary

• On December 17, 2024, Brian P. Friedman, a director of Vitesse Energy, Inc., forfeited 3,398 Transitional Plan Performance Stock Units (PSUs).
• The PSUs, each representing a contingent right to receive one share of Vitesse Energy, Inc. common stock, were forfeited based on an evaluation of actual performance measures compared to a target.
• Following the transaction, Friedman directly owns 713,986 shares of common stock.
• Friedman also indirectly owns 260,555 shares through a Family Limited Partnership and 200,000 shares through a trust.
• Additionally, he indirectly owns 4,365 shares through a trustee of a profit sharing plan.

Sentiment

Score: 4

Explanation: The document indicates a failure to meet performance targets, leading to the forfeiture of stock units, which is a negative signal. However, it's a routine regulatory filing, so the impact is limited.

Negatives

• Brian P. Friedman forfeited 3,398 Transitional Plan Performance Stock Units (PSUs) due to not meeting performance targets.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders may view the forfeiture of PSUs as a negative indicator of company performance.

Key Dates