EagleRock Land (EROK) CEO Gregory Pipkin Receives RSU Award

What Happened
Gregory Phillip Pipkin Jr., CEO of EagleRock Land, LLC (EROK), was awarded 1,283,244 restricted share units (RSUs) that vested immediately on July 24, 2026. Each RSU converts to one Class A share. To satisfy tax withholding obligations, the company withheld 498,469 shares (reported as a disposition) at $22.32 per share, totaling $11,125,828. The RSU award itself was granted at $0 (no cash purchase price). Net shares delivered to Mr. Pipkin after withholding: 784,775 shares.

Key Details

• Transaction date: 2026-07-24 (filed same day).
• Award (code A): 1,283,244 RSUs granted and vested immediately; acquisition price reported $0.
• Tax withholding (code F): 498,469 shares withheld/disposed at $22.32 each = $11,125,828.
• Implied gross value at $22.32: ~ $28.64 million; net value after withholding: ~ $17.52 million.
• Footnotes: F1 confirms the award is RSUs under the Long Term Incentive Plan that vested immediately; F2 confirms shares were withheld to satisfy tax withholding.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: filed same day as the transactions; no late filing indicated.

Context
RSUs are a common form of equity compensation; vesting creates an acquisition for reporting purposes. The withholding of shares to cover taxes (a cashless/stock-withhold settlement) is routine and does not necessarily indicate a decision to sell shares on the market. Transaction codes: A = award/acquisition via RSUs; F = shares withheld/disposed to cover tax obligations.