secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001558370-24-012965
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Battalion Oil adopts merger incentive plan granting 229K equity units, contingent on change-of-control by Dec 2025
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- Plan adopted Sept 19, 2024; total pool of 229,022 Equity Grant Units; expires Dec 31, 2025 if no change-of-control closes.
- CEO Matthew B. Steele granted 50,385 units (22% of pool); Daniel P. Rohling and Walter R. Mayer each granted 18,322 units (8%).
- Units vest and become payable in cash (or equity at company option) within 10 days after change-of-control closing.
- Maximum aggregate pool value based on per-share consideration pre-closing multiplied by 229,022 shares and divided by 16,845,325.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024012965/0001558370-24-012965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024012965/batl-20240919x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012965

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