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

Showing 1 to 2 of 2 entries

* 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