Jessica R. Wren - Feb 28, 2022 Form 4 Insider Report for Laredo Petroleum, Inc. (VTLE)

Signature
/s/ Mark D. Denny, as attorney-in-fact for Jessica R. Wren
Stock symbol
VTLE
Transactions as of
Feb 28, 2022
Transactions value $
-$27,806
Form type
4
Date filed
3/2/2022, 03:33 PM
Previous filing
Feb 24, 2022
Next filing
Aug 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTLE Common Stock Options Exercise $31.6K +413 +9.16% $76.56 4.92K Feb 28, 2022 Direct F1
transaction VTLE Common Stock Tax liability -$10.9K -143 -2.91% $76.56 4.78K Feb 28, 2022 Direct F2
transaction VTLE Common Stock Tax liability -$10.3K -135 -2.83% $76.56 4.64K Feb 28, 2022 Direct F2
transaction VTLE Common Stock Sale -$38.1K -489 -10.53% $78.00 4.15K Mar 1, 2022 Direct

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 VTLE Performance Units Options Exercise $0 +386 $0.00* 0 Feb 28, 2022 Performance Units 386 Direct F1
holding VTLE Stock Option (Right to buy) 126 Feb 28, 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 performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on Form 3 by the issuer on June 23, 2020. Each performance share unit represents a share of common stock. The performance share units became payable in common stock, 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. Based on the actual performance criteria satisfied, 107% of the shares were issued, resulting in 413 shares of common stock.
F2 Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
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.