Chad L. Stephens - 20 Dec 2024 Form 4/A - Amendment Insider Report for PHX MINERALS INC. (PHX)

Role: Chief Executive Officer, Director
Signature: /s/ Chad L. Stephens
Issuer symbol: PHX
Transactions as of: 20 Dec 2024
Transactions value $: $0
Form type: 4/A - Amendment
Filing time: 16 Jan 2025, 17:37:26 UTC
Date Of Original Report: 23 Dec 2024
Previous filing: 17 Dec 2024
Next filing: 23 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHX	Common Stock	Award	$0	+71.6K	+5.74%	$0.00	1.32M	20 Dec 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock that were granted on December 20, 2024 (the "Additional Performance Shares") pursuant to a Restricted Stock Award Agreement entered into between the issuer and the reporting person (the "Award Agreement"). The grant of 286,342 shares of restricted common stock (the "Restricted Shares") under the Award Agreement was originally reported on a Form 4 filed with the Securities and Exchange Commission on March 29, 2022 (the "March 2022 Form 4"). As a result of achieving 125% of the target performance goals under the Award Agreement, the Additional Performance Shares were granted to the reporting person in addition to the Restricted Shares reported on the March 2022 Form 4.
F2	The original Form 4 filed on December 23, 2024 (the "December 2024 Form 4") reported the withholding of 132,433 shares of common stock (the "Withheld Shares") to cover payroll tax liability on the vesting of the Restricted Shares. However, the Withheld Shares also served to cover payroll tax liability with respect to the grant of the Additional Performance Shares. The December 2024 Form 4 is amended by this amendment to add the line item in Table I disclosing the grant of the Additional Performance Shares.

Content

Represents shares of common stock that were granted on December 20, 2024 (the "Additional Performance Shares") pursuant to a Restricted Stock Award Agreement entered into between the issuer and the reporting person (the "Award Agreement"). The grant of 286,342 shares of restricted common stock (the "Restricted Shares") under the Award Agreement was originally reported on a Form 4 filed with the Securities and Exchange Commission on March 29, 2022 (the "March 2022 Form 4"). As a result of achieving 125% of the target performance goals under the Award Agreement, the Additional Performance Shares were granted to the reporting person in addition to the Restricted Shares reported on the March 2022 Form 4.

The original Form 4 filed on December 23, 2024 (the "December 2024 Form 4") reported the withholding of 132,433 shares of common stock (the "Withheld Shares") to cover payroll tax liability on the vesting of the Restricted Shares. However, the Withheld Shares also served to cover payroll tax liability with respect to the grant of the Additional Performance Shares. The December 2024 Form 4 is amended by this amendment to add the line item in Table I disclosing the grant of the Additional Performance Shares.