SIRGO BLAKE A 4
4 · Coterra Energy Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Coterra (CTRA) EVP Blake Sirgo Receives Stock Award (RSUs & PSUs)
What Happened Blake A. Sirgo, Executive Vice President — Business Units of Coterra Energy (CTRA), received two equity awards on February 24, 2026: 52,460 restricted stock units (RSUs) and 52,460 performance stock units (PSUs). Both awards were reported at $0.00 per share (standard for compensation grants), so no cash was exchanged. These are awards, not open-market purchases or sales.
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (appears timely).
- Awards: 52,460 RSUs (F1) and 52,460 PSUs (F3); reported price $0.00 (compensation grant).
- Vesting: RSUs vest January 31, 2029 (F1). PSUs vest based on performance over a three-year period Feb 1, 2026–Jan 31, 2029 (F4).
- PSU payout mechanics: PSUs can vest from 0% to 200% of the award. Payout is up to 100% in common stock; any vesting above 100% is payable in cash equal to Fair Market Value (F2, F4).
- Shares owned after the transaction: not specified in the provided filing.
- No 10b5-1, tax-withholding sale, or exercise-of-option activity was reported in this transaction; this was a standard compensation grant.
Context Equity grants to executives are routine compensation for retention and performance alignment; they do not represent an immediate purchase or sale of shares. PSUs are performance-conditioned — actual shares (or cash for above-100% payouts) depend on meeting future goals through January 31, 2029.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24+52,460→ 177,443 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.