Frank Alan Lodzinski - Jan 31, 2022 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
Executive Chairman, Director
Signature
/s/ Frank A. Lodzinski
Stock symbol
ESTE
Transactions as of
Jan 31, 2022
Transactions value $
-$960,864
Form type
4
Date filed
2/2/2022, 04:15 PM
Previous filing
Jan 3, 2022
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Award $0 +184K +500.46% $0.00 221K Jan 31, 2022 Direct F1
transaction ESTE Class A Common Stock Tax liability -$961K -72.5K -32.8% $13.25 149K Jan 31, 2022 Direct F2
transaction ESTE Class A Common Stock Award +23.8K +16.02% 172K Feb 1, 2022 Direct F3
holding ESTE Class A Common Stock 515K Jan 31, 2022 By Azure Energy, LLC F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A common stock issued by the Issuer to the reporting person arising from the vesting and settlement of a performance unit award granted under the Earthstone Energy, Inc. Amended and Restated 2014 Long-Term Incentive Plan.
F2 Shares of Class A common stock withheld by the Issuer to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award on January 31, 2022 granted under the Earthstone Energy, Inc. Amended and Restated 2014 Long-Term Incentive Plan.
F3 This restricted stock unit award vests on an equal quarterly basis over a three-year period with the first vesting date on March 31, 2022, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of Class A common stock of the Issuer.
F4 The reporting person disclaims beneficial ownership of any shares of the Registrant's Class A common stock held by Azure Energy, LLC, except to the extent of his pecuniary interest therein.