Gulfport Energy (GPOR) director receives 4,730-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cutt Timothy J. reported acquisition or exercise transactions in this Form 4 filing.
Gulfport Energy Corp director Timothy J. Cutt received an equity grant of 4,730 shares of Common Stock as a compensation award. The shares are restricted stock granted under the 2021 Stock Incentive Plan at no purchase price.
The restricted shares will vest in three approximately equal annual installments beginning on March 9, 2027, tying his compensation to longer-term company performance. Following this grant, Cutt directly holds a total of 28,485 shares of Gulfport Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cutt Timothy J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,730 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,485 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Gulfport Energy (GPOR) report for Timothy J. Cutt?
Gulfport Energy reported that director Timothy J. Cutt received a grant of 4,730 shares of restricted Common Stock. The award was made under the company’s 2021 Stock Incentive Plan as equity compensation, not an open-market purchase or sale of shares.
What are the vesting terms of Timothy J. Cutt’s restricted stock at Gulfport Energy (GPOR)?
The 4,730 restricted shares granted to Timothy J. Cutt will vest in three approximately equal annual installments. Vesting begins on March 9, 2027, meaning the award is structured as a long-term incentive tied to continued service and company performance.
Under which plan was Timothy J. Cutt’s Gulfport Energy (GPOR) equity award granted?
Timothy J. Cutt’s 4,730-share restricted stock award was granted under Gulfport Energy’s 2021 Stock Incentive Plan. This plan is used to provide stock-based compensation, aligning directors’ and employees’ interests with longer-term shareholder value creation.
Is Timothy J. Cutt’s Gulfport Energy (GPOR) Form 4 transaction a buy, sell, or grant?
The transaction is a grant of restricted stock, coded as a grant, award, or other acquisition. It reflects 4,730 shares awarded as compensation, not a discretionary buy or sell, and therefore has weaker market signaling value than an open-market trade.