EOG (EOG) COO Leitzell exercises 15,002 rights and sells 5,698 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EOG Resources EVP & COO Jeffrey R. Leitzell exercised stock appreciation rights and made related share dispositions. He exercised 8,640 rights at $37.44 and 6,362 rights at $81.81, receiving the same number of common shares. To cover obligations, 3,699 shares were delivered for tax and exercise costs and additional shares were returned to the issuer. He also sold 5,698 common shares at $150.32 per share in an open-market transaction. After these transactions, he directly holds 88,045.492 shares of EOG common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,698 shares ($856,523)
Net Sell
9 txns
Insider
Leitzell Jeffrey R.
Role
EVP & COO
Sold
5,698 shs ($857K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 8,640 | $0.00 | -- |
| Exercise | Stock Appreciation Rights | 6,362 | $0.00 | -- |
| Exercise | Common Stock | 8,640 | $37.44 | $323K |
| Disposition | Common Stock | 2,146 | $150.735 | $323K |
| Tax Withholding | Common Stock | 2,556 | $150.735 | $385K |
| Exercise | Common Stock | 6,362 | $81.81 | $520K |
| Disposition | Common Stock | 3,459 | $150.47 | $520K |
| Tax Withholding | Common Stock | 1,143 | $150.47 | $172K |
| Sale | Common Stock | 5,698 | $150.32 | $857K |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 96,685.492 shares (Direct)
Footnotes (1)
- The SARs granted became exercisable in increments of 33.3%, 33.3% and 33.4% on each of the first three anniversaries, respectively, of the September 28, 2020 date of grant. The SARs became fully exercisable on September 28, 2023. The SARs granted became exercisable in increments of 33.3%, 33.3% and 33.4% on each of the first three anniversaries, respectively, of the September 27, 2021 date of grant. The SARs became fully exercisable on September 27, 2024.
Key Figures
SARs exercised at $37.44: 8,640 rights
SARs exercised at $81.81: 6,362 rights
Open-market sale: 5,698 shares at $150.32
+4 more
7 metrics
SARs exercised at $37.44
8,640 rights
Converted into 8,640 EOG common shares on March 31, 2026
SARs exercised at $81.81
6,362 rights
Converted into 6,362 EOG common shares on March 31, 2026
Open-market sale
5,698 shares at $150.32
Common stock sale on March 31, 2026
Shares for tax/exercise
3,699 shares
Delivered to cover tax and exercise liabilities at ~$150.47–$150.735
Post-transaction holdings
88,045.492 shares
Direct EOG common stock owned after March 31, 2026 transactions
Issuer dispositions
5,605 shares
Returned to issuer via D-code transactions at ~$150.47–$150.735
Total SAR shares exercised
15,002 shares
Total common shares from exercised stock appreciation rights
Key Terms
Stock Appreciation Rights, Exercise or conversion of derivative security, tax-withholding disposition, Disposition to issuer, +1 more
5 terms
Stock Appreciation Rights financial
"The SARs granted became exercisable in increments of 33.3%, 33.3% and 33.4%..."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"transaction_action: "issuer disposition""
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did EOG (EOG) executive Jeffrey Leitzell report in this Form 4?
Jeffrey R. Leitzell, EVP & COO of EOG Resources, reported exercising stock appreciation rights into 15,002 common shares, handling tax and exercise obligations with share deliveries, and selling 5,698 shares in the open market, while retaining 88,045.492 common shares directly afterward.
How many EOG (EOG) stock appreciation rights did Leitzell exercise?
Leitzell exercised 8,640 stock appreciation rights with a strike price of $37.44 and 6,362 stock appreciation rights with a strike price of $81.81. Each right converted into one share of EOG common stock, resulting in 15,002 new shares acquired through derivative exercises.
What are the key strike prices on Leitzell’s EOG (EOG) stock appreciation rights?
The exercised stock appreciation rights had strike prices of $37.44 and $81.81 per share. These rights converted into equal numbers of EOG common shares when exercised, as disclosed in the Form 4, and are tied to earlier grant dates referenced in the accompanying footnotes.