Shafer-Malicki Mary 4
4 · Callon Petroleum Co · Filed Apr 28, 2023
Insider Transaction Report
Form 4
Shafer-Malicki Mary
Director
Transactions
- Exercise/Conversion
2022 RSU - Stock
2023-04-26−3,055→ 0 total→ Common Stock (3,055 underlying) - Exercise/Conversion
Phantom Stock Units.
2023-04-26+3,055→ 4,278 total→ Common Stock (3,055 underlying) - Award
2023 RSU - Stock
2023-04-26+4,666→ 4,666 total→ Common Stock (4,666 underlying)
Footnotes (4)
- [F1]On May 25, 2022, the reporting person was granted 3,055 Restricted Stock Units ("RSUs") that vested in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2023 Annual Meeting of Shareholders. The Company's 2023 Annual Meeting of Shareholders was held on April 26, 2023. 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.
- [F4]On April 26, 2023, the reporting person was granted 4,666 RSUs. The RSUs will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2024 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Plan.