Parrish Dean 4
Research Summary
AI-generated summary
SandRidge Energy COO Parrish Dean Receives RSU Award
What Happened
- Parrish Dean, Chief Operating Officer of SandRidge Energy Inc. (SD), received a grant of 7,185 restricted stock units (RSUs) on 2026-03-09. The Form 4 reports the units as a derivative acquisition at $0.00 (transaction code A—award/grant). No cash was paid; economic value will depend on SandRidge’s share price when and if the RSUs vest and are settled.
Key Details
- Transaction date: 2026-03-09; filing date: 2026-03-11 (timely filing).
- Grant size: 7,185 RSUs; reported acquisition price: $0.00 (derivative award).
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1—each RSU represents a contingent right to receive one share of common stock; F2—RSUs vest in one-third increments on each of the first, second and third anniversaries of the grant date.
- Transaction type: A = Award/Grant (derivative securities). No 10b5-1, tax withholding, or late-filing flags noted.
Context
- RSU grants are a common form of compensation for executives and do not represent an immediate purchase or sale of stock; they only convert into shares if and when they vest and are settled. This grant is a compensation award rather than an immediate bullish purchase or a sale.