Joseph C. Gatto Jr. - Apr 26, 2023 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
President and CEO, Director
Signature
/s/ Joseph C. Gatto, Jr. by Lucas A. Fried, as Attorney-in-Fact
Stock symbol
CPE
Transactions as of
Apr 26, 2023
Transactions value $
$0
Form type
4
Date filed
4/28/2023, 04:22 PM
Previous filing
Apr 4, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CPE Common Stock 134K Apr 26, 2023 Direct

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 2023 Market Stock Units Award +100K 100K Apr 26, 2023 Common Stock 100K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 26, 2023, the reporting person was granted 100,000 Market Stock Units with a vesting date of April 30, 2026. This Market Stock Unit award is subject to performance-based vesting criteria related to the Company's absolute total shareholder return for the period from May 1, 2023, to April 30, 2026. The number of Market Stock Units subject to vest under this award ranges from 0% to 150%.
F2 Each Market Stock Unit is the economic equivalent of one share of the Company's Common Stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney