HODGES MICHAEL L 4
Research Summary
AI-generated summary
Gulfport (GPOR) CFO Michael Hodges Withholds 1,480 Shares for Taxes
What Happened
- Michael L. Hodges, EVP & CFO of Gulfport Energy Corp (GPOR), had 1,480 vested restricted stock unit (RSU) shares withheld to satisfy tax withholding upon settlement. The withholding was executed at $207.00 per share, totaling $306,360. This was an administrative tax-withholding transaction (code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-04-03
- Withheld shares: 1,480 at $207.00 per share; total value $306,360
- Shares owned after transaction: not disclosed in this Form 4
- Footnote: F1 — these shares represent vested RSUs withheld by Gulfport to satisfy tax withholding obligations upon settlement
- Filing date: 2026-04-03 (filed same day as the transaction)
Context
- Tax withholding of vested RSUs is a routine administrative event: the company retains shares to cover required taxes rather than the insider selling shares on the open market. Such transactions typically do not signal a change in insider sentiment about the company. Code F indicates shares were withheld for tax purposes rather than sold by the insider.