EagleRock Land CFO Neal Shah Receives RSU Award; Shares Withheld

What Happened
Neal H. Shah, President and Chief Financial Officer of EagleRock Land, LLC (EROK), was granted 1,283,244 Restricted Share Units (RSUs) that vested immediately on July 24, 2026. Each RSU converts to one Class A share (acquisition reported at $0.00). To satisfy tax withholding obligations, the issuer withheld 498,470 Class A shares at an effective price of $22.32 per share, resulting in $11,125,850 withheld. Net shares issued to Shah = 1,283,244 − 498,470 = 784,774 Class A shares.

Key Details

• Transaction date: 2026-07-24 (grant and settlement/withholding occurred same day)
• Grant: 1,283,244 RSUs (reported as acquisition A, $0.00 per share)
• Tax withholding: 498,470 shares withheld (code F) at $22.32/share, value ~$11,125,850
• Net shares delivered to insider: 784,774 Class A shares
• Footnotes: RSUs granted under EagleRock Land Long Term Incentive Plan; shares withheld by issuer to satisfy tax obligations (F1, F2)
• Shares owned after transaction: issuer did not disclose total holdings in this filing; see net shares received above
• Filing timeliness: Reported same day; no late filing indicated

Context: This was an award/settlement of RSUs that vested immediately and a routine cashless-like settlement for taxes via share withholding—not an open-market sale. Withheld shares were retained by the company to cover tax liability, so the $11.13M is withholding value, not a public sale proceeds signal.