Eric Marsh - Jul 22, 2021 Form 4 Insider Report for VINE ENERGY INC. (VEI)

Role
President, Chief Executive Officer and Chairman of the Board, Director
Signature
/s/ Jonathan C. Curth, as Attorney-in-Fact for Eric Marsh
Stock symbol
VEI
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
4
Date filed
7/23/2021, 04:22 PM
Next filing
Nov 3, 2021

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 VEI Restricted Stock Units Award $0 +254K $0.00 254K Jul 22, 2021 Class A Common Stock 254K Direct F1, F2
transaction VEI Performance Stock Units Award $0 +254K +100% $0.00 507K Jul 22, 2021 Class A Common Stock 254K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive one share of Class A common stock, $0.01 par value per share ("Common Stock"), of Vine Energy Inc. (the "Company").
F2 The RSUs were granted under the Vine Energy Inc. 2021 Long-Term Incentive Plan. One-third of the RSUs vest on the first anniversary of March 17, 2021 (the "Vesting Commencement Date"), one-third of the RSUs vest on the second anniversary of the Vesting Commencement Date and One-third of the RSUs vest on the third anniversary of the Vesting Commencement Date, so long as the reporting person remains a member of the board of directors, or an officer of the Company, or both through the applicable vesting date.
F3 Each Performance Stock Unit ("PSU") represents the contingent right to receive, upon vesting, up to 200% of one share of the Company's Common Stock. The number of PSUs that vest will equal the sum of (a) 10% of the total PSUs granted multiplied by a graded basis upon achievement of certain levels of safety performance as measured by the total recordable incident rate for the performance period and (b) 90% of the total PSUs granted multiplied by a graded basis upon achievement of certain levels of common stock performance against the performance of a defined peer group of other companies.

Remarks:

President, Chief Executive Officer and Chairman of the Board