Rohling Daniel P 4
4 · BATTALION OIL CORP · Filed Mar 7, 2025
Insider Transaction Report
Form 4
Rohling Daniel P
Chief Operating Officer
Transactions
- Other
Equity Grant Units
2025-03-05+22,902→ 0 total→ Common Stock (22,902 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-03-05+6,641→ 0 total→ Common Stock (6,641 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock, which, pursuant to the Issuer's 2020 Long-Term Incentive Plan, at the election of the Issuer will be settled in cash.
- [F2]The scheduled vesting of the Restricted Stock Units occurred on Feb. 20, 2024, and settlement in cash has been resolved to be paid on Mar. 11, 2025.
- [F3]On Sep. 23 and Nov. 22, 2024, the Reporting Person filed Form 4s reporting awards of 18,322 and 4,580 Equity Grant Units ("EGU"), respectively. Each EGU represents the right to receive a cash payment equivalent to the value of a share of the Issuer's common stock upon the satisfaction of certain conditions.
- [F4]Effective Mar. 5, 2025, the Reporting Person agreed to forfeit, waive and nullify any and all rights associated with EGUs; accordingly, the Issuer rescinded the award and the associated EGUs were cancelled.