LARSON JAMES R 4
Research Summary
AI-generated summary
Magnolia Oil & Gas (MGY) Director James R. Larson Receives RSU Award
What Happened
James R. Larson, a director of Magnolia Oil & Gas Corporation (MGY), received a grant of 6,320 restricted stock units (RSUs) on May 8, 2026. The RSUs were issued at an acquisition price of $0 (non-cash award); each RSU represents a contingent right to one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-05-08 (Form 4 filed 2026-05-12). Filing was within the required two business days.
- Grant: 6,320 RSUs; reported acquisition price $0. Total reported acquisition value: $0 (non-cash award).
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: RSUs vest on the earlier of (a) the day before the next annual meeting where directors are elected, or (b) the first anniversary of the grant date, subject to Larson’s continued service.
- No 10b5-1 plan, tax-withholding sale, or immediate sale was reported in this filing.
Context
RSU grants to directors are a common form of compensation and are not an open-market purchase or sale — they simply give the director a future right to receive shares if vesting conditions are met. Such awards are routine and do not, by themselves, indicate a change in insider sentiment about the stock.