Tax withholding trims Prairie (NASDAQ: PROP) EVP’s vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prairie Operating Co. executive Daniel T. Sweeney, EVP, General Counsel and Corporate Secretary, reported a tax-related share disposition. On the vesting of restricted stock, 81,666 shares of common stock were withheld at $2.04 per share to satisfy tax withholding obligations. This was an automatic withholding, not an open-market sale. After this transaction, Sweeney directly held 557,900 common shares of Prairie Operating Co.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sweeney Daniel T.
Role
EVP, GC and Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 81,666 | $2.04 | $167K |
Holdings After Transaction:
Common Stock — 557,900 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 81,666 shares
Withholding price per share: $2.04 per share
Shares held after transaction: 557,900 shares
3 metrics
Shares withheld for taxes
81,666 shares
Withheld upon vesting of restricted stock to satisfy tax obligations
Withholding price per share
$2.04 per share
Value used for tax-withholding disposition on vested restricted stock
Shares held after transaction
557,900 shares
Direct common stock holdings following tax-withholding disposition
Key Terms
restricted stock, tax withholding obligations, tax-withholding disposition, Form 4
4 terms
restricted stock financial
"Represents shares that were withheld upon vesting of restricted stock to satisfy tax withholding obligations"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"withheld upon vesting of restricted stock to satisfy tax withholding obligations"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Prairie Operating Co. (PROP) insider Daniel T. Sweeney report?
Daniel T. Sweeney reported a tax-withholding disposition of shares. Upon restricted stock vesting, 81,666 Prairie Operating Co. common shares were withheld to cover tax obligations, rather than sold on the open market.
Was the Prairie Operating Co. Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Prairie Operating Co. upon restricted stock vesting to cover Daniel T. Sweeney’s tax liability.
What does transaction code F mean in the Prairie Operating Co. Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. For Prairie Operating Co., it shows 81,666 shares were withheld from Daniel T. Sweeney’s vested restricted stock to satisfy tax withholding obligations.