Kettler Ronald Kyle 4

What Happened

• Ronald Kettler, Chief Financial Officer of Granite Ridge Resources, was granted a total of 389,864 equity awards on February 9, 2026. That total consists of one restricted stock award for 97,466 shares and three performance stock unit (PSU) grants of 97,466 units each. All grants were recorded at $0.00 (no cash paid at grant).
• The restricted stock award will fully vest on February 9, 2031. Each PSU is a contingent right to receive one share if performance/price conditions are met.

Key Details

• Transaction date: February 9, 2026; Form 4 filed: February 24, 2026 (filed 15 days after the transaction; later than the typical 2-business-day SEC filing requirement).
• Grant details: 97,466 restricted shares (F1); 3 × 97,466 performance stock units (F2–F5) — total 389,864 shares/units.
• Price paid: $0.00 per share/unit (award/grant).
• Vesting/vesting conditions:
  • Restricted stock (F1): fully vests on Feb 9, 2031.
  • PSU 1 (F3): vests/convert after 20 consecutive trading days at or above $7.00.
  • PSU 2 (F4): vests/convert after 20 consecutive trading days at or above $8.50.
  • PSU 3 (F5): vests/convert after 20 consecutive trading days at or above $10.00.
• Plan: Awards granted under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan.
• Shares owned after transaction: not disclosed in the filing.

Context

• These transactions are equity compensation grants (code A on the Form 4), not open-market purchases or sales; they reflect company compensation rather than a direct insider buy/sell signal.
• The PSUs are derivative/contingent awards — they only convert to actual shares if the specified market-price performance hurdles are met for the required period.
• The filing was submitted later than the standard 2-business-day Form 4 deadline; late filings delay public transparency about insider holdings and grants.