Stephen L. Faulkner Jr. - 01 Apr 2024 Form 4 Insider Report for Vital Energy, Inc. (VTLE)

Role: VP & CAO
Signature: /s/ Mark D Denny, as attorney-in-fact for Stephen L. Faulkner, Jr.
Issuer symbol: VTLE
Transactions as of: 01 Apr 2024
Net transactions value: +$239,407
Form type: 4
Filing time: 03 Apr 2024, 16:43:21 UTC
Previous filing: 08 Jun 2023
Next filing: 21 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VTLE	Common Stock	Award	$239,407	+4,548		$52.64	4,548	01 Apr 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	VTLE	Performance Units	Award	$0	+1,516		$0.000000	1,516	01 Apr 2024	Common Stock	1,516		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are granted under the Issuer's Omnibus Equity Incentive Plan that are currently unvested and will vest in substantially equal annual installments on the first three anniversaries of their applicable grant date.
F2	These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance 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 on an absolute share return basis, (ii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iii) growth in inventory and (iv) emissions reduction, over a three-year performance period ending December 31, 2026. The final number of shares of common stock or cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range from 0% to 225%.

Content

These shares are granted under the Issuer's Omnibus Equity Incentive Plan that are currently unvested and will vest in substantially equal annual installments on the first three anniversaries of their applicable grant date.

These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance 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 on an absolute share return basis, (ii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iii) growth in inventory and (iv) emissions reduction, over a three-year performance period ending December 31, 2026. The final number of shares of common stock or cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range from 0% to 225%.