Steven W. Lindeman - 01 Oct 2021 Form 4 Insider Report for Coterra Energy Inc. (CTRA)

Role
Sr Vice Pres, Production & Ops
Signature
Deidre L. Shearer, Attorney-in-Fact for Steven W. Lindeman
Issuer symbol
CTRA
Transactions as of
01 Oct 2021
Net transactions value
-$1,532,135
Form type
4
Filing time
05 Oct 2021, 16:16:19 UTC
Previous filing
04 Aug 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRA Common Stock Award +9,619 +5.4% 187,205 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $84,238 -3,786 -2% $22.25 183,419 01 Oct 2021 Direct
transaction CTRA Common Stock Options Exercise +28,858 +16% 212,277 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $252,671 -11,356 -5.3% $22.25 200,921 01 Oct 2021 Direct
transaction CTRA Common Stock Award +23,077 +11% 223,998 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $202,052 -9,081 -4.1% $22.25 214,917 01 Oct 2021 Direct
transaction CTRA Common Stock Options Exercise +46,154 +21% 261,071 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $404,104 -18,162 -7% $22.25 242,909 01 Oct 2021 Direct
transaction CTRA Common Stock Award +26,911 +11% 269,820 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $235,628 -10,590 -3.9% $22.25 259,230 01 Oct 2021 Direct
transaction CTRA Common Stock Options Exercise +40,366 +16% 299,596 01 Oct 2021 Direct F1
transaction CTRA Common Stock Tax liability $353,441 -15,885 -5.3% $22.25 283,711 01 Oct 2021 Direct
holding CTRA Common Stock 25,616 01 Oct 2021 Held in 401(k) Plan. F2

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 CTRA Performance Shares Options Exercise $0 -28,858 -100% $0.000000* 0 01 Oct 2021 Common 28,858 $0.000000 Direct F1
transaction CTRA Performance Shares Options Exercise $0 -46,154 -100% $0.000000* 0 01 Oct 2021 Common 46,154 $0.000000 Direct F1
transaction CTRA Performance Shares Options Exercise $0 -40,366 -100% $0.000000* 0 01 Oct 2021 Common 40,366 $0.000000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share represented the right to receive up to one share of common stock, based on certain performance criteria in a three year performance period ending 12/31/2019, 12/31/2020 or 12/31/2021, respectively. In connection with the merger of Cimarex Energy Co. ("Cimarex") with Double C Merger Sub, a Delaware corporation ("Merger sub") and a wholly owned subsidiary of Coterra Energy Inc. ("Coterra," formerly known as Cabot Oil & Gas Corporation ) (such merger, the "Merger"), pursuant to the Agreement and Plan of Merger, dated as of May 23, 2021 by and among Coterra, Merger Sub and Cimarex (as amended on June 29, 2021, the "Merger Agreement"), the performance shares vested on the Effective Time (as defined in the Merger Agreement) at the greater of target or actual performance. The Compensation Committee of the Board of Directors certified the results on 09/28/2021, which resulted in 100% of the stock being paid out for each of the performance shares on the Effective Time.
F2 Based on a statement dated September 30, 2021 for shares held by the reporting person under the Cabot Oil & Gas Savings Investment Plan.