Firestone Jaffrey Adam 4
Research Summary
AI-generated summary
SandRidge Energy Director Adam Firestone Receives 9,804-Share Award
What Happened
- Adam Firestone, a director of SandRidge Energy Inc. (SD), was granted 9,804 shares of restricted stock on June 10, 2026. The award price is reported at $15.30 per share, for a total reported value of $150,001. This transaction is coded as an award/grant (A) rather than a market purchase or sale.
Key Details
- Transaction date: June 10, 2026; filing date: June 12, 2026.
- Price per share: $15.30; total reported value: $150,001.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: The restricted shares vest on the earlier of the first anniversary of the grant (June 10, 2027) or the day immediately before the company’s next annual meeting of stockholders.
- Timeliness: The Form 4 was filed two days after the grant date (no late-filing indication in the report).
Context
- This was a restricted stock award (compensation), not an open-market purchase or sale; such awards are common for directors and reflect compensation/retention rather than an immediate market sentiment signal. Vesting conditions mean the shares may not be freely tradable until vesting occurs.