Collins Steven C. 4
4 · EARTHSTONE ENERGY INC · Filed Jan 10, 2023
Insider Transaction Report
Form 4
Collins Steven C.
EVP and COO
Transactions
- Award
Class A Common Stock
2023-01-06+35,735→ 365,915 total - Award
Performance Unit
2023-01-06+35,735→ 35,735 total→ Class A Common Stock (35,735 underlying)
Footnotes (2)
- [F1]This restricted stock unit award vests on an equal quarterly basis over a three-year period with the first vesting date on March 31, 2023, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of Class A common stock of the Issuer.
- [F2]This performance unit award is subject to the terms of the performance restricted stock unit agreement. The vesting of the award is subject to the satisfaction of certain performance criteria in the period beginning on January 1, 2023 and ending on December 31, 2025. The units are valued on a one-to-one basis to the Class A common stock of the Issuer and are intended to be settled in stock but a portion may be settled in cash upon vesting. The number of shares of Class A common stock applicable to the award can range from 0% to 200% of the number presented above.