Donaldson Michael P, Executive Vice President and Chief Legal Officer of EOG Resources (EOG), has filed 38 Form 4 transactions in the past two years, all concentrated in the single energy ticker. His activity shows a clear structural pattern: zero open-market purchases against $836,353 in total sell value, with the bulk of his transactions consisting of automatic compensation events rather than discretionary trades. The most recent open-market sale occurred on May 13, 2024, when he disposed of shares worth $119,746.62 — the only outright sell in the filing history. Since then, his filings have been dominated by grants (code A), tax-withholding dispositions (code F), and nominal sales back to the issuer (code D), none of which reflect independent market timing.
The compensation mechanics are evident in the recurring quarterly grant schedule. Donaldson received restricted stock or deferred units on dates such as June 30, 2026 ($21,250), April 30, 2026 ($21,824.90), and January 30, 2026 (two grants of $21,628.20 each), alongside smaller awards on December 31, 2025, and October 31, 2025. These are offset by substantial tax-withholding events: a $631,319.04 disposition on February 27, 2026, a $428,916.40 event on September 29, 2025, and a $1,100,315.92 withholding on February 28, 2025. The largest single transaction in the dataset is that February 2025 F-code event, which dwarfs the modest $55.95 D-code sale in April 2026.
The overall picture is one of passive accumulation through equity compensation rather than active conviction. Donaldson’s total acquired value of $304,104.97 comes entirely from grants and awards, with no P-code purchases at any point. His sell-side activity is limited to the single May 2024 open-market sale and the automatic F-code withholdings that accompany vesting. The absence of recent discretionary selling — the last S-code trade is nearly two years old — combined with the steady drip of quarterly grants suggests a holding pattern typical of a senior officer whose stake grows through scheduled compensation rather than tactical positioning.
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