Gary J. Hlavinka - 05 Jul 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
Issuer symbol
CTRA
Transactions as of
05 Jul 2022
Net transactions value
-$181,786
Form type
4
Filing time
07 Jul 2022, 15:34:51 UTC
Previous filing
27 Jun 2022
Next filing
15 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRA Common Stock Options Exercise $0 +12,820 +110% $0.000000 24,461 05 Jul 2022 Direct
transaction CTRA Common Stock Tax liability $93,491 -3,652 -15% $25.60 20,809 05 Jul 2022 Direct
transaction CTRA Common Stock Options Exercise $0 +12,110 +58% $0.000000 32,919 05 Jul 2022 Direct
transaction CTRA Common Stock Tax liability $88,294 -3,449 -10% $25.60 29,470 05 Jul 2022 Direct
holding CTRA Common Stock 4,110 05 Jul 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 -12,820 -100% $0.000000* 0 05 Jul 2022 Common Stock 12,820 $0.000000 Direct F1, F2
transaction CTRA Performance Shares Options Exercise $0 -12,110 -100% $0.000000* 0 05 Jul 2022 Common Stock 12,110 $0.000000 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.