May 17, 2024 · Form 4 insider transaction
Craine Patrick K. sold 54,135 shares of Gulfport Energy Corporation at $158.37 per share, a transaction worth $8.57M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock units granted on July 21, 2021, and vested upon certification by the issuer's compensation committee on May 17, 2024. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on May 17, 2024.