JORDEN THOMAS E 4
Accession 0000858470-26-000021
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 6:23 PM ET
Size
7.8 KB
Accession
0000858470-26-000021
Research Summary
AI-generated summary of this filing
Coterra (CTRA) CEO Thomas Jorden Withholds 85,716 Shares for Taxes
What Happened
Thomas E. Jorden, CEO, President and a director of Coterra Energy (CTRA), had 85,716 shares of common stock withheld at $28.85 per share (total value ≈ $2,472,907) to satisfy tax obligations related to the vesting of previously disclosed restricted stock units. The Form 4 also shows gift transactions of 131,675 shares (a $0.00 value disposition and a $0.00 acquisition) recorded the same day. The withheld shares are a tax-withholding event tied to RSU vesting, not an open-market sale by Jorden.
Key Details
- Transaction date: 2026-01-30; filing date: 2026-02-03 (filed timely within the SEC’s two-business-day window).
- Tax-withheld shares: 85,716 shares @ $28.85 = $2,472,907 (transaction code F; footnote F1 confirms withholding to satisfy tax obligations).
- Gift transfers: 131,675 shares recorded as a gift disposition and 131,675 shares recorded as a gift acquisition (transaction code G; $0.00 reported). Recipient or account details not specified in the provided data.
- Shares owned after the transactions: not specified in the supplied excerpt.
- Filing note: F-coded withholding is routine tax-related withholding on vested awards—not a sale reflecting trading intent.
Context
Tax withholding on RSU vesting is a common administrative step and should not be interpreted the same as an open-market sale; gift transactions also do not necessarily indicate the insider’s view of the stock. There were no purchases reported in this filing, so there is no direct “buy” signal from these entries.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-30$28.85/sh−85,716$2,472,907→ 514,512 total - Gift
Common Stock
2026-01-30−131,675→ 382,837 total - Gift
Common Stock
2026-01-30+131,675→ 2,626,113 total(indirect: By Trust)
Footnotes (1)
- [F1]Represents shares of common stock withheld by the issuer to satisfy the reporting person's tax obligations relating to the vesting of a previously disclosed award of restricted stock units, not a sale transaction by the reporting person.
Signature
Documents
Issuer
Coterra Energy Inc.
CIK 0000858470
Related Parties
1- filerCIK 0001196789
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 6:23 PM ET
- Size
- 7.8 KB