Scott Regan - Jan 31, 2022 Form 4 Insider Report for WHITING PETROLEUM CORP (WLLAW)

Signature
Michael Scott Regan
Stock symbol
WLLAW
Transactions as of
Jan 31, 2022
Transactions value $
-$25,616
Form type
4
Date filed
2/2/2022, 04:23 PM
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLLAW Common Stock Award $0 +700 +321.1% $0.00 918 Jan 31, 2022 Direct F1
transaction WLLAW Common Stock Tax liability -$25.6K -345 -37.58% $74.25 573 Jan 31, 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 WLLAW Performance Share Units (Absolute) 2022 Award $0 +5.1K $0.00 5.1 Jan 31, 2022 Common Stock 5.1K Direct F2
transaction WLLAW Performance Share Units (Relative) 2022 Award $0 +5.1K $0.00 5.1K Jan 31, 2022 Common Stock 5.1K Direct F3
transaction WLLAW Restricted Stock Units 2022 Award $0 +6.8K $0.00 6.8K Jan 31, 2022 Common Stock 6.8K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are granted immediately, without restriction and issuable from the Whiting Petroleum Corporation 2020 Equity Incentive Plan. They are payable under the 2021 Short-Term Incentive Program as a portion of a one-time performance payment.
F2 Each absolute TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The absolute TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement.
F3 Each relative TSR performance share unit represents a contingent right to receive 0-200% of that number in shares of Company common stock. The amount reported represents the "target" number. The relative TSR performance share units will vest upon continued employment and achievement of specified metrics as described in the related grant agreement.
F4 Each restricted stock unit represents a right to receive one share of the Company's common stock. The restricted stock units will vest in approximately three equal annual installments beginning on the first anniversary of the grant date subject to continued employment.