Vela Adam M 4

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

AI-generated summary of this filing

Updated Feb 26, 2026

Coterra (CTRA) SVP & General Counsel Adam Vela Receives Stock Awards

What Happened

Adam M. Vela, Senior Vice President & General Counsel of Coterra Energy (CTRA), received equity awards on February 24, 2026. He was granted 39,345 restricted stock units (RSUs) and 39,345 performance stock units (PSUs). Both awards show an acquisition price of $0.00 (awarded, no cash paid).

Key Details

Transaction date: February 24, 2026; Filing date: February 26, 2026 (Form 4 filed within the normal two-business-day window).
Award details: 39,345 RSUs (payable in common stock) and 39,345 PSUs (derivative award; contingent payout).
Vesting / performance: RSUs vest on January 31, 2029. PSUs cover a three-year performance period from Feb 1, 2026 to Jan 31, 2029 and may vest from 0% to 200%; payouts are in stock up to 100% of target and in cash for amounts above 100%.
Shares owned after transaction: Not specified in the provided filing excerpt.
Transaction code: “A” = Award/Grant. No 10b5-1 plan, tax withholding, or late filing is noted in the provided details.

Context

RSUs are straightforward time-based awards that convert to common shares if vested. PSUs are performance-contingent rights that may result in shares or cash depending on achievement versus goals; they are derivative in nature and not immediate open-market purchases or sales.
Equity awards like these are a form of executive compensation and do not reflect an open-market buy or sell by the insider.

Form 4

Period: 2026-02-24

SVP & General Counsel

Transactions

Award
Common Stock
[F1]
2026-02-24+39,345→ 139,212 total
Award
Performance Stock Units
[F2][F3][F4]
2026-02-24+39,345→ 39,345 total
→ Common Stock (39,345 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