Officer Sells $2.29M in GPOR Stock Following RSU Vesting
Summary
An officer at Gulfport Energy sold $2.29 million worth of common stock in a discretionary open market transaction after the vesting of restricted stock units.
Key Events
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Officer Sells Shares
Patrick K. Craine, CLAO and Corporate Secretary, sold 11,929 shares of common stock for $2,288,817 at an average price of $191.87 per share on January 5, 2026.
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RSU Vesting and Tax Withholding
The sale followed the vesting of 21,416 performance-based restricted stock units on January 2, 2026. Concurrently, 9,487 shares were withheld for tax obligations, valued at $1,973,201.
Analysis
Patrick K. Craine, an officer at Gulfport Energy, disposed of shares worth $2.29 million in an open market sale. This transaction occurred after the vesting of performance-based restricted stock units and subsequent tax withholding. While the sale represents a relatively small percentage of the company's market capitalization, it signifies an officer reducing their direct equity exposure following a compensation event.
At the time of this filing, GPOR was trading at $185.26 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $153.27 to $225.78. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.