SIRGO BLAKE A 4

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.