Michol L. Ecklund - Mar 4, 2024 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
SVP,Chief Sustain Officer & GC
Signature
/s/ Michol L. Ecklund
Stock symbol
CPE
Transactions as of
Mar 4, 2024
Transactions value $
$0
Form type
4
Date filed
3/6/2024, 04:10 PM
Previous filing
Oct 3, 2023
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CPE Common Stock 27K Mar 4, 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 +50.9K 50.9K Mar 4, 2024 Common Stock 50.9K 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.