Weimer Kimberly 4
Research Summary
AI-generated summary
Granite Ridge (GRNT) CAO Kimberly Weimer Receives Restricted Stock Award
What Happened
- Kimberly Weimer, Chief Accounting Officer of Granite Ridge Resources, was granted 26,616 restricted shares on March 4, 2026. The Form 4 reports an acquisition price of $0.00 (award/grant). This is a compensation award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed within the standard two-business-day window).
- Shares granted: 26,616; reported acquisition price: $0.00.
- Vesting: The award vests in three equal annual installments beginning March 4, 2027 (per the filing footnote), and was granted under the Granite Ridge Resources, Inc. 2022 Omnibus Incentive Plan.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Transaction code: A = Award/Grant; no 10b5-1 plan or tax-withholding detail noted in the filing excerpt.
Context
- Restricted stock awards are a form of compensation; they typically cannot be sold until they vest and may be forfeitable if employment conditions aren’t met. Such grants are common for aligning executive incentives and do not by themselves indicate insider buying or selling sentiment.