Scucchi Mark 4
4 · RANGE RESOURCES CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Range Resources (RRC) CFO Mark Scucchi Sells Shares to Cover Taxes
What Happened
Mark Scucchi, Executive Vice President & Chief Financial Officer of Range Resources (RRC), had 16,995 shares withheld by the company to satisfy tax withholding obligations related to the vesting of 43,189 restricted shares. The withheld shares were valued at $43.51 each, totaling approximately $739,452. Separately, 26,194 shares were moved from an indirect holding to a direct holding (reported as a disposition and an acquisition of the same number of shares).
Key Details
- Transaction date: March 15, 2026. Withheld shares: 16,995 @ $43.51 = $739,452 (code F — tax withholding/net share settlement).
- Transfer: 26,194 shares reported as disposed from an indirect holding and acquired as a direct holding (codes J) — voluntary disclosure of an otherwise exempt holding transfer.
- The withholding related to vesting of 43,189 restricted shares granted on March 15, 2023; no open-market sale was made to cover taxes.
- Filing: Reported on Form 4 filed March 17, 2026 (timely).
- Holdings reported: In addition to the transactions above, Mr. Scucchi holds 204,538 Performance Share Units (PSUs).
Context
Net share settlement (tax withholding) is a routine administrative step when restricted stock vests and does not represent an open-market sale by the insider. The transfer from indirect to direct holding is an internal reclassification and was voluntarily disclosed; it does not reflect a change in economic ownership. Performance Share Units are long-term, performance-based awards and separate from the restricted shares that vested.
Insider Transaction Report
- Tax Payment
Common Stock Unvested
[F1]2026-03-15$43.51/sh−16,995$739,452→ 123,836 total(indirect: Unvested Stock) - Other
Common Stock Unvested
[F2]2026-03-15−26,194→ 97,642 total(indirect: Unvested Stock) - Other
Common Stock
[F2]2026-03-15+26,194→ 681,288 total
- 26,653.503(indirect: By 401(k))
Common Stock
- 12,076.7(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]Represents shares withheld by Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of 43,189 shares of restricted stock that were granted to the reporting person on March 15, 2023. No shares were sold by the reporting person to satisfy this tax liability.
- [F2]Transfer of these shares from an indirect holding to a direct holding is exempt from reporting, however the reporting person has voluntarily decided to disclose this information.