Granite Ridge Resources (NYSE:GRNT) held its annual meeting on Friday, where shareholders approved amendments to the 2022 Omnibus Incentive Plan and elected three directors.
The amendment increases available shares by 2.5 million and extends the plan to October 24, 2034.
Shareholders elected Thaddeus Darden, Michele J. Everard, and Kirk Lazarine as Class I directors. Forvis Mazars LLP was ratified as auditor.
The stock has gained nearly 20% year-to-date, trading at $5.54, with an 8% dividend yield. Analysts see GRNT as undervalued.
