McKinney Paul D. 4

What Happened

• Paul D. McKinney, CEO and Chairman of Ring Energy (REI), received two equity awards on Feb 17, 2026: 952,381 restricted stock units (RSUs) and 559,118 shares issued upon vesting of a performance unit award. Both awards are reported as acquisitions at $0.00 per share (i.e., awards/grants, not open-market purchases).
• Concurrently, 220,014 shares were disposed of (withheld) to cover tax withholding obligations at $1.26 per share, yielding proceeds/withholding value of $277,218 (transaction code F).

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-20 (filed three days after the transaction — Form 4s are normally due within two business days; review filing for timeliness).
• Awards: 952,381 RSUs (restricted stock units) and 559,118 shares from a performance unit award (total awarded = 1,511,499 shares).
• Tax withholding: 220,014 shares withheld at $1.26/share for $277,218 (code F — shares withheld to satisfy tax obligations).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes: F1 — the RSU award vests equally over three years, first vesting on Feb 17, 2027; F2 — the 559,118 shares arose from settlement of a performance unit award; F3 — shares were withheld to cover withholding taxes.

Context

• These transactions are award/vesting-related, not open-market buys or discretionary sales. The RSUs represent contingent rights to receive one share per unit and will convert to shares per the vesting schedule (so this is a future acquisition subject to vesting).
• The withheld shares (code F) are a standard tax-withholding mechanics at settlement and do not necessarily indicate a voluntary sale by the insider.