HARRIS RICHARD E 4
Research Summary
AI-generated summary
Ring Energy (REI) Director Richard E. Harris Receives 119,048 RSU Award
What Happened
Richard E. Harris, a director of Ring Energy, Inc. (REI), was granted 119,048 restricted stock units (RSUs) on February 17, 2026. The award was recorded at $0.00 per unit (no cash paid). Each RSU represents the contingent right to receive one share of common stock if vesting conditions are met.
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (appears timely).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 119,048 RSUs; acquisition price reported as $0.00.
- Vesting: RSUs vest on February 17, 2027 per the restricted stock unit agreement (footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
- Insider role: Director (not identified as a 10% owner in this report).
- Filing accession: 0001384195-26-000022.
Context
This is an equity award (compensation) rather than a purchase or sale. RSU grants are common for directors and executives as part of compensation and do not by themselves indicate buying or selling sentiment; the units convert to shares only upon vesting and any subsequent sale would be a separate transaction.