Adam M. Vela - Feb 21, 2023 Form 4 Insider Report for Coterra Energy Inc. (CTRA)

Role
VP & General Counsel
Signature
Marcus G. Bolinder, Attorney-in-Fact for Adam M. Vela
Stock symbol
CTRA
Transactions as of
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 04:25 PM
Previous filing
Oct 11, 2022
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRA Common Stock Award $0 +21.7K +44.28% $0.00 70.8K Feb 21, 2023 Direct F1
holding CTRA Common Stock 0 Feb 21, 2023 Held in 401(k) 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 Award $0 +21.7K $0.00 21.7K Feb 21, 2023 Common 21.7K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent restricted stock units payable solely in common stock on January 31, 2026, subject to continued employment, earlier retirement under company policy or, in certain cases, pro-rata reduction in shares for time actually employed in the period from the grant date to the vesting date.
F2 Effective December 28, 2022, the issuer eliminated CTRA stock as an investment alternative available under the issuer's 401(k) plan. As a result, the 15,615 shares of CTRA common stock the reporting person previously reported as beneficially owned under the plan were liquidated.
F3 The performance shares provide for vesting between 0% and 200% of the performance shares awarded (payable in common stock and, for vesting above 100%, in cash) based upon certain performance criteria over a three-year performance period beginning February 1, 2023 and ending January 31, 2026.