Kevin Haggard - Apr 1, 2023 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
Senior VP & CFO
Signature
/s/ Kevin Haggard, by Lucas A. Fried, Attorney-in-Fact
Stock symbol
CPE
Transactions as of
Apr 1, 2023
Transactions value $
-$78,785
Form type
4
Date filed
4/4/2023, 05:32 PM
Previous filing
Mar 6, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPE Common Stock Options Exercise $0 +5.33K +132.69% $0.00 9.35K Apr 1, 2023 Direct F1
transaction CPE Common Stock Tax liability -$43.4K -1.3K -13.89% $33.44 8.05K Apr 1, 2023 Direct F2, F3
transaction CPE Common Stock Options Exercise $0 +4.34K +53.87% $0.00 12.4K Apr 1, 2023 Direct F1
transaction CPE Common Stock Tax liability -$35.3K -1.06K -8.53% $33.44 11.3K Apr 1, 2023 Direct F2, 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 CPE 2021 RSU - Stock Options Exercise -5.33K -50% 5.33K Apr 1, 2023 Common Stock 5.33K Direct F1, F4
transaction CPE 2022 RSU - Stock Options Exercise -4.34K -33.34% 8.68K Apr 1, 2023 Common Stock 4.34K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
F2 Payment of tax liability by withholding common stock incident to vesting of RSU award issued in accordance with Rule 16b-3.
F3 Each RSU is the economic equivalent of one share of the Company's common stock at its closing price on the vesting date. If the vesting date should fall on a weekend or holiday, the preceding business day's closing price is used.
F4 On May 10, 2021, the reporting person was granted 15,998 RSUs subject to the three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on April 1, 2022. The second tranche vested on April 1, 2023. The third and final tranche will vest on April 1, 2024.
F5 On March 9, 2022, the reporting person was granted 13,013 RSUs subject to the three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on April 1, 2023. The second tranche will vest April 1, 2024. The third and final tranche will vest on April 1, 2025.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney