Robert John Anderson - Jan 31, 2022 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
President and CEO, Director
Signature
/s/ Robert J. Anderson
Stock symbol
ESTE
Transactions as of
Jan 31, 2022
Transactions value $
-$640,585
Form type
4
Date filed
2/2/2022, 04:16 PM
Previous filing
Jan 3, 2022
Next filing
Mar 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Award $0 +123K +26.27% $0.00 591K Jan 31, 2022 Direct F1
transaction ESTE Class A Common Stock Tax liability -$641K -48.3K -8.19% $13.25 542K Jan 31, 2022 Direct F2
transaction ESTE Class A Common Stock Award $0 +59.1K +10.9% $0.00 601K Feb 1, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESTE Performance Unit Award $0 +110K $0.00 110K Feb 1, 2022 Class A Common Stock 110K Direct 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 This performance unit award is subject to the terms of the performance unit agreement. The vesting of the award is subject to the satisfaction of certain performance criteria in the period beginning January 1, 2022 and ending December 31, 2024. The units are valued on a one-to-one basis to the Class A common stock of the Issuer and are intended to be settled in cash but may be settled in stock upon vesting. The number of shares of Class A common stock applicable to the award can range from 0% to 200% of the number presented above.