Scucchi Mark 4
Research Summary
AI-generated summary
Range Resources (RRC) CFO Mark Scucchi Receives 50,563-Share Award
What Happened
Mark Scucchi, EVP & Chief Financial Officer of Range Resources Corp. (RRC), was issued 50,563 shares on March 27, 2026 as an award (performance-based PSU vesting). The shares were valued at $47.65 each, for a total grant value of approximately $2,409,327. This was an award/vesting event (not an open-market buy or sale).
Key Details
- Transaction date and price: March 27, 2026 — 50,563 shares at $47.65 per share (total ≈ $2,409,327).
- Transaction type/code: Award/Grant (A); shares issued net of taxes (tax withholding).
- Shares/units held after transaction: Mr. Scucchi also holds 146,463 Performance Share Units (PSUs) as of March 27, 2026.
- Footnote: The shares were issued net of taxes following vesting under the March 2023 PSU grant, which paid out at 120% of target for the TSR PSU component and 156.44% of target for the Absolute Measure PSU component.
- Filing timeliness: Form 4 filed March 31, 2026. This filing is within the standard two-business-day reporting window for the March 27 transaction.
Context
Performance Share Units (PSUs) are compensation that vest only if company performance goals are met; higher-than-target performance in the March 2023 grant increased the payout. Such awards are part of routine executive compensation and are different from open-market purchases (which some investors view as a stronger direct bullish signal). This filing reports issuance/vesting and tax-withholding mechanics, not an insider cash purchase or sale.