Brock Amanda M 4

What Happened
Amanda M Brock, a director of Coterra Energy (CTRA), recorded a disposition to the issuer of 79,621 CTRA shares on May 7, 2026. The Form 4 reports $0 cash proceeds because the shares were converted under the merger agreement with Devon Energy — each Coterra share was converted into the right to receive 0.7 shares of Devon common stock. The filing notes that 49,344 of the converted shares were previously deferred vested RSU awards that converted on the same 0.7x basis.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (appears timely under Section 16 — filed within 2 business days).
• Transaction type and amount: Disposition to issuer (conversion) of 79,621 CTRA shares; reported proceeds $0.
• Exchange terms: Each CTRA share converts into 0.7 shares of Devon common stock per merger agreement (Feb 1, 2026). 79,621 × 0.7 ≈ 55,735 Devon shares entitlement.
• Breakdown: Includes 49,344 CTRA shares that were deferred vested RSUs converted into restricted stock units for Devon stock (per footnote). The remaining 30,277 shares were other CTRA shares.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes: F1 describes the 0.7 exchange ratio under the merger; F2 confirms deferred RSUs were converted on the same terms. No 10b5-1 plan or tax-withholding sale reported.

Context
This is not an open-market sale but a conversion of holdings as part of a corporate merger (Coterra into Devon), so the $0 proceeds reflect stock-for-stock consideration rather than a cash sale. Such merger-driven conversions are routine administrative transactions and do not by themselves signal a director’s change in view on the company.