Frank Alan Lodzinski - 31 Jan 2022 Form 4 Insider Report for EARTHSTONE ENERGY INC

Role
Executive Chairman, Director
Signature
/s/ Frank A. Lodzinski
Issuer symbol
N/A
Transactions as of
31 Jan 2022
Net transactions value
-$960,864
Form type
4
Filing time
02 Feb 2022, 16:15:51 UTC
Previous filing
03 Jan 2022
Next filing
16 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Award $0 +184,275 +500% $0.000000 221,096 31 Jan 2022 Direct F1
transaction ESTE Class A Common Stock Tax liability $960,864 -72,518 -33% $13.25 148,578 31 Jan 2022 Direct F2
transaction ESTE Class A Common Stock Award +23,800 +16% 172,378 01 Feb 2022 Direct F3
holding ESTE Class A Common Stock 515,208 31 Jan 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.