Kavanaugh Ashley 4
Research Summary
AI-generated summary
Range Resources (RRC) VP Ashley Kavanaugh Receives Award, Sells Shares
What Happened
- Ashley Kavanaugh, Vice President and Principal Accounting Officer of Range Resources (RRC), reported vesting-related equity activity on 2026-01-31. The filing shows a net receipt (settlement) of 8,870 shares at $37.85 each (value $335,730) and a disposition (sale) of 14,988 shares at $37.85 each (proceeds $567,296). Together the two entries represent roughly $903,026 in value and are related to an equity award vesting event rather than an open-market investment decision.
Key Details
- Transaction date(s) and price: 2026-01-31; both transactions at $37.85 per share.
- Acquired (net settlement): 8,870 shares — $335,730.
- Disposed (sold, tax withholding): 14,988 shares — $567,296.
- Filing date: 2026-02-03 (Form 4 accession 0001193125-26-035832). This appears to be filed within the typical two-business-day window.
- Shares owned after transaction: Amount owned following the reported transactions is not specified in the filing.
- Footnotes:
- F1 indicates these shares relate to gross shares vesting from the Jan 31, 2023 annual equity award granted before the reporting-person designation.
- F2 clarifies the 8,870-share entry is a net share settlement after tax withholding associated with cliff vesting; the sold 14,988 shares represent the shares relinquished/withheld to satisfy taxes.
- Transaction codes: the entries are reported as “other acquisition or disposition” in connection with award vesting and tax withholding (routine).
Context
- This is a standard vesting and tax-withholding transaction (net-share settlement plus shares sold to cover taxes), not an open-market purchase or an investment signal. Such filings are common when equity awards cliff-vest and companies or insiders sell a portion to cover tax obligations.