Gary J. Hlavinka - Jul 5, 2022 Form 4 Insider Report for Coterra Energy Inc. (CTRA)

Role
Vice President, (MBU)
Signature
/s/ Deidre L. Shearer, Attorney-in-Fact for Gary J. Hlavinka
Stock symbol
CTRA
Transactions as of
Jul 5, 2022
Transactions value $
-$181,786
Form type
4
Date filed
7/7/2022, 03:34 PM
Previous filing
Jun 27, 2022
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRA Common Stock Options Exercise $0 +12.8K +110.13% $0.00 24.5K Jul 5, 2022 Direct
transaction CTRA Common Stock Tax liability -$93.5K -3.65K -14.93% $25.60 20.8K Jul 5, 2022 Direct
transaction CTRA Common Stock Options Exercise $0 +12.1K +58.2% $0.00 32.9K Jul 5, 2022 Direct
transaction CTRA Common Stock Tax liability -$88.3K -3.45K -10.48% $25.60 29.5K Jul 5, 2022 Direct
holding CTRA Common Stock 4.11K Jul 5, 2022 Held in 401(k).

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 -12.8K -100% $0.00* 0 Jul 5, 2022 Common Stock 12.8K $0.00 Direct F1, F2
transaction CTRA Performance Shares Options Exercise $0 -12.1K -100% $0.00* 0 Jul 5, 2022 Common Stock 12.1K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Shares converted into common stock on a one-for-one basis.
F2 On 02/19/2020, the reporting person was granted 12,820 performance shares payable in common stock, subject to the achievement of performance criteria over a three-year performance period beginning January 1, 2020 and ending December 31, 2022. Effective July 5, 2022, the Compensation Committee of Coterra's Board of Directors terminated the performance period and certified that the performance criteria were met, resulting in the conversion of each performance share into one share of Coterra common stock.
F3 On 02/17/2021, the reporting person was granted 12,110 performance shares payable in common stock, subject to the achievement of performance criteria over a three-year performance period beginning January 1, 2021 and ending December 31, 2023. Effective July 5, 2022, the Compensation Committee of Coterra's Board of Directors terminated the performance period and certified that the performance criteria were met, resulting in the conversion of each performance share into one share of Coterra common stock.