Steven C. Collins - Apr 29, 2022 Form 3 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
EVP and COO
Signature
/s/ Steven C. Collins
Stock symbol
ESTE
Transactions as of
Apr 29, 2022
Transactions value $
$0
Form type
3
Date filed
5/9/2022, 04:06 PM
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ESTE Class A Common Stock 344K Apr 29, 2022 Direct F1

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
holding ESTE Performance Unit Apr 29, 2022 Class A Common Stock 144K Direct F2
holding ESTE Performance Unit Apr 29, 2022 Class A Common Stock 63.8K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 73,750 restricted stock units ("RSUs") that are subject to the terms of restricted stock unit agreements and vest as to 11,620 RSUs on June 30, 2022, 11,620 RSUs on September 30, 2022, 11,620 RSUs on December 31, 2022, 6,861 RSUs on March 31, 2023, 6,861 RSUs on June 30, 2023, 6,862 RSUs on September 30, 2023, 6,861 RSUs on December 31, 2023, 2,861 RSUs on March 31, 2024, 2,861 RSUs on June 30, 2024, 2,861 RSUs on September 30, 2024 and 2,861 RSUs on December 31, 2024. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer.
F2 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, 2021 and ending December 31, 2023. 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.
F3 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.