SANDRIDGE ENERGY INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
Our current equity-based compensation plans include provisions that allow for the “net exercise” of share-settled vested awards by all plan participants. In a net exercise, any required payroll taxes, federal withholding taxes and exercise price of the shares due from the share-based award holders are settled by having the holder tender back to us a number of shares at fair value equal to the amounts due. Net exercises are treated as purchases and retirements of shares.
The following table presents a summary of share repurchases made by the Company during the three-month period ended June 30, 2024.
| Period · Total Number of Shares Purchased(1) · Average Price Paid per Share · Total Number of Shares Purchased as Part of Publicly Announced Program(2) · Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in Millions)(2) | |||||
|---|---|---|---|---|---|
| April 1, 2024 - April 30, 2024 | 8,375 | $14.77 | — | $75.0 | |
| May 1, 2024 - May 31, 2024 | — | $— | — | $75.0 | |
| June 1, 2024 - June 30, 2024 | — | $— | — | $75.0 | |
| Total | 8,375 | — | |||
| (1) Includes shares of common stock tendered by employees in order to satisfy tax withholding requirements upon vesting of their stock awards. Shares withheld are initially recorded as treasury shares, then immediately retired. | |||||
| (2) In May 2023, the Company's Board of Directors approved the initiation of a share repurchase program authorizing the Company to purchase up to an aggregate of $75.0 million of the Company’s common stock. | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.