Sevilla-Sacasa Frances Aldrich 4
4 · Callon Petroleum Co · Filed May 16, 2022
Insider Transaction Report
Form 4
Sevilla-Sacasa Frances Aldrich
Director
Transactions
- Exercise/Conversion
2021 RSU - Stock
2022-05-14−3,240→ 0 total→ Common Stock (3,240 underlying) - Exercise/Conversion
Phantom Stock Units.
2022-05-14+3,240→ 5,277 total→ Common Stock (3,240 underlying)
Holdings
- 2,347
Common Stock
Footnotes (3)
- [F1]On May 14, 2021, the reporting person was granted 3,240 restricted stock units ("RSUs") that vested in full on the earlier of (i) first anniversary date of the grant date or (ii) the date of the Company's 2022 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Deferred Compensation Plan for Outside Directors (the "Plan").
- [F2]RSUs convert into Phantom Stock Units on a one-for-one basis, and each Phantom Stock Unit is the economic equivalent of one share of common stock.
- [F3]The Phantom Stock Units will be distributed to the reporting person pursuant to the Plan. The reporting person has elected to have the Phantom Stock Units distributed in cash.