Kavanaugh Ashley 4

What Happened
Ashley Kavanaugh, Vice President and Principal Accounting Officer at Range Resources Corp (RRC), was granted 9,855 shares as an equity award on February 10, 2026. The award was valued at approximately $356,973 based on a per-share price of $36.22. This was an award/grant (not an open-market purchase or sale) and the shares are subject to vesting.

Key Details

• Transaction date: 2026-02-10; Type: Award/Grant (code A)
• Shares awarded: 9,855; Price used for valuation: $36.2225 (5-day VWAP Feb 2–6, 2026)
• Total value at grant: $356,973 (approx.)
• Vesting/tax treatment: Awarded shares subject to a three-year cliff vesting; all shares will be settled net of taxes upon vesting (tax-withholding/net settlement).
• Holdings disclosed: In addition to this award, Ms. Kavanaugh holds 10,999 Performance Share Units (PSUs) as of Feb 10, 2026.
• Filing timeliness: Form 4 filed Feb 12, 2026 for a Feb 10 transaction (appears timely within the two-business-day Rule 16b-3 window).

Context
Equity awards like restricted stock or RSUs are common compensation and vest over time, so they do not represent an immediate market purchase or sale. Because these shares are subject to a three-year cliff vest, they reflect long-term compensation rather than a near-term bullish bet on the stock. Retail investors often view open-market purchases as stronger near-term signals than standard time-based grants.