L. Stalnaker - Oct 1, 2021 Form 4 Insider Report for Coterra Energy Inc. (CTRA)

Role: SrVP-Marcellus Business Unit
Signature: Deidre L. Shearer, Attorney-in-Fact for Phillip L. Stalnaker
Stock symbol: CTRA
Transactions as of: Oct 1, 2021
Transactions value $: -$1,692,914
Form type: 4
Date filed: 10/5/2021, 04:24 PM
Next filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTRA	Common Stock	Award		+9.62K	+3.12%		318K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$93.1K	-4.18K	-1.32%	$22.25	313K	Oct 1, 2021	Direct
transaction	CTRA	Common Stock	Options Exercise		+28.9K	+9.21%		342K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$279K	-12.5K	-3.67%	$22.25	330K	Oct 1, 2021	Direct
transaction	CTRA	Common Stock	Award		+23.1K	+7%		353K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$223K	-10K	-2.84%	$22.25	343K	Oct 1, 2021	Direct
transaction	CTRA	Common Stock	Options Exercise		+46.2K	+13.47%		389K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$447K	-20.1K	-5.16%	$22.25	369K	Oct 1, 2021	Direct
transaction	CTRA	Common Stock	Award		+26.9K	+7.3%		396K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$260K	-11.7K	-2.96%	$22.25	384K	Oct 1, 2021	Direct
transaction	CTRA	Common Stock	Options Exercise		+40.4K	+10.51%		424K	Oct 1, 2021	Direct	F1
transaction	CTRA	Common Stock	Tax liability	-$391K	-17.6K	-4.14%	$22.25	407K	Oct 1, 2021	Direct
holding	CTRA	Common Stock						17.9K	Oct 1, 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 $	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CTRA	Performance Shares	Options Exercise	$0	-28.9K	-100%	$0.00^*	Oct 1, 2021	Common	28.9K	$0.00	Direct	F1
transaction	CTRA	Performance Shares	Options Exercise	$0	-46.2K	-100%	$0.00^*	Oct 1, 2021	Common	46.2K	$0.00	Direct	F1
transaction	CTRA	Performance Shares	Options Exercise	$0	-40.4K	-100%	$0.00^*	Oct 1, 2021	Common	40.4K	$0.00	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.

Content

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.

Based on a statement dated September 30, 2021 for shares held by the reporting person under the Cabot Oil & Gas Savings Investment Plan.