Tyson L. Taylor - 03 May 2024 Form 4 Insider Report for PIONEER NATURAL RESOURCES CO

Role
EVP, HR & Communication
Signature
Akshar C. Patel, Attorney-in-Fact For Tyson L.Taylor
Issuer symbol
N/A
Transactions as of
03 May 2024
Net transactions value
$0
Form type
4
Filing time
03 May 2024, 16:05:29 UTC
Previous filing
13 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PXD Common Stock Award $0 +12,675 +88% $0.000000 27,095 03 May 2024 Direct F1
transaction PXD Common Stock Disposed to Issuer -27,095 -100% 0 03 May 2024 Direct F2
transaction PXD Common Stock Disposed to Issuer -373 -100% 0 03 May 2024 401(k) F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tyson L. Taylor is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pioneer Natural Resources Company, a Delaware corporation ("Pioneer"), ExxonMobil Corporation, a New Jersey Corporation ("ExxonMobil), and SPQR, LLC, a Delaware limited liability company and a wholly-owned subsidiary of ExxonMobil (Merger Sub") are parties to the Agreement and Plan of Merger, dated as of October 10, 2023 (the "Merger Agreement"), pursuant to which, among other things, Merger Sub merged with and into Pioneer (the "Merger"). Pursuant to the Merger Agreement, these performance units of Pioneer were fully accelerated assuming maximum level of performance immediately prior to the effective time of the Merger.
F2 At the effective time of the Merger, each share, each outstanding restricted stock unit and each performance unit were cancelled and converted into the right to receive 2.3234 shares of ExxonMobil common stock.
F3 Consists of shares beneficially owned by the reporting person as a result of units owned in the Pioneer Natural Resources USA, Inc. 401(k).