Key facts
- This page summarizes Sandra E. Jacoby's Form 4 filing for PDC ENERGY, INC..
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Aug 2023, 12:58.
Sandra E. Jacoby - 07 Aug 2023 Form 4 Insider Report for PDC ENERGY, INC.
- Reporting relationship
- SVP, Corporate Administration
- Issuer ticker
- N/A
- Reported as of
- 07 Aug 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Aug 2023, 12:58:40 UTC
- Prior SEC filing
- 05 Jul 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nicole L. Martinet, by power of attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Sandra E. Jacoby filed Form 4 for PDC ENERGY, INC. on 07 Aug 2023.
Change
- Previous filing in this sequence was filed on 05 Jul 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PDCE
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -3,639
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Aug 2023
- Ownership
- Direct
- Footnotes
- F1
PDCE
transaction
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -8,372
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Aug 2023
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PDCE
transaction
Derivative
Performance Shares (2023)
Disposed to Issuer
- Transaction value
- Shares
- -2,460
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 07 Aug 2023
- Ownership
- Direct
- Underlying class
- PDC Common Stock
- Underlying amount
- 2,460
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Sandra E. Jacoby is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
On August 7, 2023, pursuant to the Agreement and Plan of Merger dated as of May 21, 2023 (the "Merger Agreement"), by and among Chevron Corporation ("Chevron"), Bronco Merger Sub Inc. ("Merger Sub") and PDC Energy, Inc. ("PDC"), Merger Sub merged with and into PDC (the "Merger"), with PDC surviving the Merger as a direct, wholly-owned subsidiary of Chevron. Pursuant to the Merger Agreement, each share of PDC common stock issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.4638 of a share of Chevron common stock. On August 4, 2023 (the day prior to the Merger), the closing price of one share of Chevron common stock was $159.31.
Footnote F2
Pursuant to the Merger Agreement, each award of restricted stock units of PDC other than awards held by non-employee members of the Board of Directors of PDC, whether or not vested (each a "PDC RSU Award"), was converted into a restricted stock unit award, on the same terms and conditions as were applicable under such PDC RSU Award immediately prior to the effective time of the Merger (including any provisions for acceleration) with respect to the number (rounded to the nearest whole number) of shares of Chevron common stock determined by multiplying (i) the number of shares of PDC common stock subject to such PDC RSU Award immediately prior to the effective time of the Merger by (ii) 0.4638.
Footnote F3
Each PDC PSU Award represented a contingent right to receive a share of PDC common stock based upon certain performance goals or metrics. The amount reported represented the "target" number.
Footnote F4
Pursuant to the Merger Agreement, each PDC PSU Award granted in 2022 or 2023 was converted into an award, on the same terms and conditions as were applicable under such PDC PSU Award immediately prior to the effective time of the Merger (other than any performance-based vesting conditions), with respect to the number (rounded to the nearest whole number) of shares of Chevron common stock determined by multiplying (i) the number of shares of PDC common stock subject to such PDC PSU Award immediately prior to the effective time of the Merger (with the performance-based vesting conditions applicable to such PDC PSU Award determined in accordance with the terms of the Merger Agreement, which performance was determined to be 233% of target for PDC PSU Awards granted in 2022 and 240% of target for PDC PSU Awards granted in 2023) by (ii) 0.4638.