DeShazer Michael D. 4

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.