Jessica R. Wren - Feb 22, 2022 Form 4 Insider Report for Laredo Petroleum, Inc. (VTLE)

Role
Principal Accounting Officer
Signature
/s/ Mark D. Denny, as attorney-in-fact for Jessica R. Wren
Stock symbol
VTLE
Transactions as of
Feb 22, 2022
Transactions value $
$120,636
Form type
4
Date filed
2/24/2022, 03:33 PM
Previous filing
Sep 8, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTLE Common Stock Award $121K +1.8K +66.47% $67.02 4.51K Feb 22, 2022 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
holding VTLE Performance Units 386 Feb 22, 2022 Common Stock 386 Direct F2
holding VTLE Stock Option (Right to buy) 126 Feb 22, 2022 Common Stock 126 $346.80 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant.
F2 These performance share units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share units will be payable, if at all, in common stock, cash, or a combination of common stock and cash, to be determined in the discretion of the Issuer's Compensation Committee, based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2021. The final number of shares of common stock earned can range from 0% to 200% of the performance share units.
F3 This stock option is granted under the Issuer's Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant.