EOG Resources Chmn/CEO Files To Sell 50,000 More Shares
Dow Jones Newswires
WASHINGTON -- EOG Resources Inc. (EOG) Chairman and Chief Executive Mark Papa filed to sell 50,000 more common shares of the company, according to a Form 144 released Tuesday by the Securities and Exchange Commission.
Previously, Papa filed with the SEC between Dec. 4 and Dec. 14 to sell a total of 220,990 company shares.
According to the Form 144 released Tuesday, Papa intended to sell the 50,000 shares "as soon as possible."
The SEC received the filing Friday. A Form 144 allows for the sale of restricted stock, but it isn't a commitment to sell.
The market value of the registered stock was about $2.5 million, the filing said.
PaineWebber Inc. was listed as the broker for the sale.
In November, as reported, Papa sold 136,120 company shares.
EOG Resources explores for, develops, produces and markets natural gas and crude oil.
-By Brian Callaghan, Dow Jones Newswires/Federal Filings Business News; 202-628-8903
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