DeShazer Michael D. 4

What Happened

• Michael D. DeShazer, Executive Vice President — Operations at Coterra Energy (CTRA), had 11,382 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units. The withholding was reported at $28.85 per share for a total value of approximately $328,371.
• This was a tax-withholding/cashless settlement on vested RSUs (routine administrative action), not an open-market sale or a new purchase by the insider.

Key Details

• Transaction date and price: 2026-01-30 at $28.85 per share.
• Shares withheld (disposed): 11,382; total value ≈ $328,371.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnote: F1 — Shares were withheld by the issuer to satisfy the reporting person's tax obligations related to vesting of a previously disclosed RSU award; this is not a sale by the reporting person.
• Filing timeliness: Reported on Form 4 filed 2026-02-03 for a 2026-01-30 transaction (appears timely under Form 4 rules).

Context

• This is a routine tax-withholding event tied to RSU vesting (often called a cashless or net settlement). It does not indicate a deliberate liquidity event or market-direction bet by the insider.
• For retail investors, purchases can be more informative as a bullish signal; withholding for taxes is administrative and common for executive equity awards.