DeShazer Michael D. 4

4 · Coterra Energy Inc. · Filed Feb 26, 2026

AI-generated summary of this filing

Updated Feb 26, 2026

Coterra (CTRA) EVP Michael DeShazer Receives Equity Award

What Happened

Michael D. DeShazer, Executive Vice President — Operations of Coterra Energy (CTRA), received equity awards on February 24, 2026. The filing reports 52,460 restricted stock units (RSUs) and 52,460 performance stock units (PSUs), each recorded at $0.00 (award).
The RSUs are payable solely in common stock and vest on January 31, 2029. The PSUs are performance-contingent awards covering a three‑year performance period (Feb 1, 2026 to Jan 31, 2029) with possible vesting from 0% to 200% depending on performance; payouts are in stock up to 100% and in cash for vesting above 100%.

Key Details

Transaction date: February 24, 2026. Report filed February 26, 2026.
Reported consideration/price: $0.00 (awards granted, not purchased).
Award amounts: 52,460 RSUs (F1) and 52,460 PSUs (F3/F4).
Vesting: RSUs vest Jan 31, 2029 (F1). PSUs subject to a three‑year performance period ending Jan 31, 2029 and may vest 0–200% based on performance; payout rules described above (F2, F4).
Shares owned after transaction: Not specified in the provided summary of the filing.
Filing timeliness: Filed two days after the transaction date (no late-filing flag noted).

Context

These are time- and performance-based equity awards (not open-market purchases or sales). Awards are common compensation for executives and do not represent an immediate buy or sell decision in the market.
PSUs are derivative/contingent rights — actual shares (and/or cash) depend on future performance metrics and the eventual vesting percentage.

Form 4

Period: 2026-02-24

EVP - Operations

Transactions

Award
Common Stock
[F1]
2026-02-24+52,460→ 184,988 total
Award
Performance Stock Units
[F2][F3][F4]
2026-02-24+52,460→ 52,460 total
→ Common Stock (52,460 underlying)

Footnotes (4)

[F1]Represents restricted stock units payable solely in common stock. Subject to the terms of the restricted stock unit award agreement, these restricted stock units vest on January 31, 2029.
[F2]Each performance stock unit represents a contingent right to receive one share of common stock (up to 100% of the performance stock units awarded) and cash equal to the Fair Market Value (as defined in the performance stock unit award agreement) of one share of common stock for vesting above 100%.
[F3]Represents the number of performance stock units awarded on February 24, 2026.
[F4]The performance stock unit award agreement provides for vesting between 0% and 200% of the performance stock units granted (payable in common stock up to 100% of the performance stock units granted and, for vesting above 100%, in cash) based upon the achievement of certain performance criteria over a three-year performance period beginning February 1, 2026 and ending January 31, 2029.

Signature

/s/ Marcus G. Bolinder, attorney-in-fact|2026-02-26

1 file