Ring Energy (REI) CFO granted 317,460 restricted stock units vesting over three years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johl Sundip Singh reported acquisition or exercise transactions in this Form 4 filing.
RING ENERGY, INC. executive vice president and chief financial officer Sundip Singh Johl reported an equity compensation grant in the form of restricted stock units covering 317,460 shares of common stock. The award was recorded at a per-share price of $0.0000, consistent with a no-cash, compensatory grant.
The restricted stock unit inducement award vests in equal annual installments over three years, with the first vesting date on March 5, 2027, subject to the terms of the award agreement. Each unit represents the contingent right to receive one share of Ring Energy common stock as it vests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johl Sundip Singh
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317,460 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 317,460 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Ring Energy (REI) disclose for Sundip Singh Johl?
Ring Energy disclosed that EVP and chief financial officer Sundip Singh Johl acquired 317,460 restricted stock units of common stock as an equity compensation grant. The units were reported at a transaction price of $0.0000 per share, reflecting a non-cash, compensatory award structure.
When do Sundip Singh Johl’s Ring Energy (REI) restricted stock units start vesting?
The restricted stock unit inducement award to Sundip Singh Johl begins vesting on March 5, 2027. Vesting occurs on an equal annual basis over a three-year period, subject to the specific terms and conditions set out in the underlying inducement award agreement.
What type of equity instrument did Ring Energy (REI) grant to its CFO?
Ring Energy granted its chief financial officer a restricted stock unit inducement award. Each restricted stock unit provides a contingent right to receive one share of Ring Energy common stock, with delivery dependent on satisfying vesting conditions over the three-year schedule.
Is cash involved in the Ring Energy (REI) CFO’s recent equity award transaction?
The reported equity award transaction for Ring Energy’s CFO shows a per-share transaction price of $0.0000. This indicates a non-cash compensation grant of restricted stock units, rather than an open-market purchase or sale involving cash consideration for the common shares.