Granite Ridge (GRNT) CEO Tyler Farquharson Receives Awards

What Happened Tyler Farquharson, President and CEO of Granite Ridge Resources, acquired awards totaling 109,593 shares (or share-based derivative rights) on March 4, 2026. The filing shows: 21,515 shares from vested performance stock units, 26,141 restricted shares, and 61,937 derivative securities (options/awards). All items were recorded at $0.00 per share (awards/grants rather than open-market purchases).

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
• Items reported (all coded A = Award/Grant):
  • 21,515 common shares — vested performance stock units (F1).
  • 26,141 restricted stock award — vests in three equal annual installments beginning 3/4/2027 (F2).
  • 61,937 derivative securities — options/derivative award; vest in three equal annual installments beginning 3/4/2026 (F3).
• Price: $0.00 per share (non-cash awards); reported cash value on Form 4 = $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed within the Form 4 deadline (not marked late).

Context

• These were grants/vestings (awards), not open-market purchases or sales—such transactions reflect compensation or incentive-plan vesting rather than direct market bets by the insider.
• The restricted shares and derivative awards have multi-year vesting schedules (see F2 and F3), so portions will become exercisable/vest over time rather than being immediately liquid.