Michol L. Ecklund - 04 Mar 2024 Form 4 Insider Report for Callon Petroleum Co

Role: SVP,Chief Sustain Officer & GC
Signature: /s/ Michol L. Ecklund
Issuer symbol: N/A
Transactions as of: 04 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2024, 16:10:16 UTC
Previous filing: 03 Oct 2023
Next filing: 01 Apr 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CPE	Common Stock						27,043	04 Mar 2024	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	2024 RSU - Stock	Award		+50,859			50,859	04 Mar 2024	Common Stock	50,859		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 4, 2024, the reporting person was granted 50,859 Restricted Stock Units ("RSUs"). The award terms specify that 50% of the RSUs will be payable in common stock, with one-third ratable vesting each year subsequent to the award year. Of the 50% payable in common stock, the first tranche will vest on April 1, 2025; the second tranche will vest on April 1, 2026; and the third and final tranche will vest on April 1, 2027. The remaining 50% of the RSUs will be payable in cash, with such RSUs cliff vesting in full on April 1, 2027.
F2	RSUs convert into common stock on a one-for-one basis.

Content

On March 4, 2024, the reporting person was granted 50,859 Restricted Stock Units ("RSUs"). The award terms specify that 50% of the RSUs will be payable in common stock, with one-third ratable vesting each year subsequent to the award year. Of the 50% payable in common stock, the first tranche will vest on April 1, 2025; the second tranche will vest on April 1, 2026; and the third and final tranche will vest on April 1, 2027. The remaining 50% of the RSUs will be payable in cash, with such RSUs cliff vesting in full on April 1, 2027.

RSUs convert into common stock on a one-for-one basis.