Leitzell Jeffrey R. 4
Research Summary
AI-generated summary
EOG EVP & COO Jeffrey Leitzell Receives 8,497-Share Award
What Happened
- Jeffrey R. Leitzell, Executive Vice President & COO of EOG Resources (EOG), was credited with an award of 8,497 performance units on 2026-02-10 (reported on Form 4). The Form 4 lists the acquisition price as $0.00 (an equity award/compensation grant), so no cash was paid. These performance units will convert into the issuer's common stock following vesting.
Key Details
- Transaction date: 2026-02-10; Form 4 filed: 2026-02-12.
- Reported transaction: Grant/Award of 8,497 Performance Units at $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote summary: The units stem from a 9/29/2022 "2022 Award" tied to total shareholder return (TSR) versus 9 designated peers over Jan 2023–Dec 2025. The Compensation & Human Resources Committee certified a performance multiple of 100% on 2/10/2026, so 8,497 units will "cliff" vest on 2/28/2026; shares will be distributed after that vesting date.
- No indication in this filing of a 10b5-1 plan, tax withholding sale, or late-filing notation beyond the filing date shown.
Context
- Performance units are compensation that convert to shares if performance/vesting conditions are met. This grant is not an open-market purchase or sale by the insider but a routine long-term incentive tied to company performance. The reported $0 acquisition price reflects issuance as compensation; the actual economic value to the insider will depend on EOG's stock price when the shares are distributed after vesting.