Bodden Stuart 4

What Happened

• Stuart Bodden, CEO of Ranger Energy Services, had restricted stock units convert (reported as exercise/conversion of derivative securities) on March 13, 2026. The filing shows conversions of 15,331 RSU-equivalent units (two related derivative entries) and the withholding of 20,292 shares to satisfy tax withholding at $16.70 per share, totaling $338,876.
• This was not an open‑market sale by the insider: the 20,292 shares were surrendered/withheld to cover tax liabilities (a routine administrative action), and one derivative line shows a $0 disposition value (reflecting conversion mechanics rather than a cash sale).

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17.
• Shares/conversions reported: two derivative conversions of 15,331 shares (one reported as acquired, one as disposed at $0.00).
• Shares withheld for taxes: 20,292 shares at $16.70 each = $338,876 (disposition code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each restricted stock unit equals one share of Class A common stock; F2 — the 20,292 shares represent shares withheld for taxes relating to restricted stock and RSUs vested in 2023–2025.
• Filing timeliness: no late-filing flag is shown in the report.

Context

• This transaction reflects a vesting/conversion of equity awards (RSUs) and a tax-withholding surrender — a common, administrative insider transaction that does not necessarily signal a view on the stock. It is different from an open-market sale (S) or an outright purchase (P).