Degner Dennis 4

What Happened

• Dennis Degner, CEO of Range Resources (RRC), had 65,199 restricted shares vest on March 15, 2026. To satisfy the tax liability from that vesting, the company withheld 25,656 shares at an implied price of $43.51 per share (value ~$1,116,293). The remaining 39,543 vested shares were moved from an indirect holding to a direct holding (the filing shows a voluntary disclosure of this transfer). The withholding was done by the issuer as a net-share settlement; no open-market sale by Mr. Degner was reported.

Key Details

• Transaction date: March 15, 2026 (Form 4 filed March 17, 2026)
• Tax withholding: 25,656 shares withheld at $43.51 = $1,116,293 (code F; net-share settlement to cover taxes)
• Remaining vested shares: 39,543 shares transferred to direct ownership (codes J; transfer from indirect to direct — voluntarily disclosed)
• Footnotes: F1 notes withholding was to satisfy tax liability from 65,199 RSUs granted March 15, 2023; no shares were sold by the reporting person to meet taxes. F2 notes the indirect→direct transfer is exempt but voluntarily reported.
• Holdings disclosed: Mr. Degner also holds 373,401 Performance Share Units (PSUs) as of March 15, 2026.
• Filing timeliness: Form 4 filed March 17 for March 15 transactions — no late filing indicated.

Context

• This was a routine RSU vesting with a net-share settlement for tax withholding, not an open-market sale by the insider. Transfers between indirect and direct holdings are typically administrative and do not necessarily signal a change in investment view.