John A. Gallegos Jr. - Feb 27, 2024 Form 4 Insider Report for Independence Contract Drilling, Inc. (ICD)

Role
PRESIDENT & CEO, Director
Signature
/s/ Philip A. Choyce, Attorney-in-Fact
Stock symbol
ICD
Transactions as of
Feb 27, 2024
Transactions value $
$0
Form type
4
Date filed
2/29/2024, 06:34 PM
Previous filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ICD Common Stock Award +193K +46.13% 610K Feb 27, 2024 Direct F1

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 ICD Phantom Stock Unit Award +96.3K 96.3K Feb 27, 2024 Common Stock 96.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 27, 2024, reporting person was granted a restricted stock award that vest in equal 1/3 increments on the 1st, 2nd and 3rd anniversary of the date of grant
F2 On February 27, 2024, reporting person was granted a cash settled restricted stock unit that vests in equal 1/3 increments on the 1st, 2nd and 3rd anniversary of the grant date. Each RSU is settled in cash based upon the fair market value of a share of common stock on the vesting date.