Vela Adam M 4

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.