JORDEN THOMAS E 4

What Happened
Thomas E. Jorden, Coterra Energy’s CEO, President and a director, received equity awards on February 24, 2026: 180,328 restricted stock units (RSUs) and 180,328 performance stock units (PSUs). Both awards were granted at $0.00 (standard for compensation grants). The RSUs vest January 31, 2029; the PSUs are performance-based over a three‑year period and can vest between 0% and 200% based on achievement of targets.

Key Details

• Transaction date: February 24, 2026; Filing date: February 26, 2026 (timely Form 4 filing).
• Award amounts reported: 180,328 RSUs (payable solely in common stock) and 180,328 PSUs (derivative award). Reported acquisition price: $0.00.
• Vesting: RSUs vest on January 31, 2029 (F1). PSUs cover the performance period Feb 1, 2026–Jan 31, 2029 and vest 0%–200% based on performance; payout is common stock up to 100% of target and cash for amounts above 100% (F2–F4).
• Potential equity: If PSUs vest at 100% and RSUs vest, up to 360,656 shares could be issued as stock; actual shares received will depend on future vesting outcomes.
• Shares owned after transaction: Not disclosed in this filing.
• Transaction code: A = Award/Grant. No cash was paid by the insider.

Context
These awards are compensation/retention grants, not open‑market purchases or sales. RSUs and PSUs are commonly used to align executive pay with long‑term performance; PSUs are contingent on meeting specified performance goals over the three‑year period. No implications about insider sentiment should be inferred from a standard compensation grant.