Janssen Ann D. 4

What Happened

• Ann D. Janssen, Chief Financial Officer of EOG Resources (EOG), exercised 9,365 stock appreciation rights (SARs) on 2026-03-19 (exercise price reported $37.44) and then disposed of all resulting shares through withholding and sales.
• Dispositions on 2026-03-19: 2,504 shares surrendered to the issuer at $140.06 (likely tax withholding; $350,698), 2,700 shares surrendered/used to satisfy exercise price or tax liability at $140.06 ($378,149), and 4,161 shares sold in the open market at $140.04 ($582,706). Total reported proceeds from disposals ≈ $1,311,553. The filing shows an exercise/acquisition record with an exercise cost amount of $350,626.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (filed within typical two-business-day reporting window).
• Exercise: 9,365 SARs; reported exercise price $37.44 (aggregate $350,626 shown).
• Dispositions: 2,504 shares to issuer ($140.06), 2,700 shares for exercise/tax ($140.06), 4,161 shares open-market sale ($140.04).
• Post-transaction holdings: not specified in the provided filing details.
• Footnote: The SARs vested in increments and became fully exercisable on 9/28/2023.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding; S = open market sale.

Context

• This was effectively a cashless exercise: Janssen exercised SARs and immediately used some shares to cover taxes/exercise cost and sold remaining shares on the open market. Such transactions are usually routine compensation-related liquidity events rather than directional bets on the stock.
• The filing is factual and does not indicate motive. For retail investors, purchases are generally more informative as bullish signals; this filing documents an exercise and sale.