4//SEC Filing
Kendall Christian S 4
Accession 0000945764-23-000142
CIK 0000945764other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 5:50 PM ET
Size
9.6 KB
Accession
0000945764-23-000142
Insider Transaction Report
Form 4
DENBURY INCDEN
Kendall Christian S
Chief Operating Officer
Transactions
- Award
Common Stock
2023-11-02+60,589→ 833,517 total - Tax Payment
Common Stock
2023-11-02$88.66/sh−310,876$27,562,266→ 522,641 total - Disposition to Issuer
Common Stock
2023-11-02−522,641→ 0 total
Footnotes (3)
- [F1]On November 2, 2023, pursuant to the Agreement and Plan of Merger, dated July 13, 2023, (as amended from time to time, the "Merger Agreement"), by and among Denbury Inc. ("Denbury"), Exxon Mobil Corporation ("ExxonMobil") and EMPF Corporation, a wholly owned subsidiary of ExxonMobil ("Merger Sub"), ExxonMobil acquired Denbury in an all-stock transaction through the merger of Merger Sub with and into Denbury (the "Merger"), with Denbury surviving the Merger as a wholly owned subsidiary of ExxonMobil. Effective as of the effective time of the Merger (the "Effective Time"), each share of Denbury common stock, par value $0.001 per share ("Denbury Common Stock") was converted into the right to receive 0.840 of a share of ExxonMobil common stock, without par value (such consideration, the "Merger Consideration").
- [F2]Represents shares of Denbury Common Stock related to the vesting and settlement of outstanding performance stock units ("Denbury PSUs") in connection with the consummation of the Merger. Pursuant to the Merger Agreement, effective as of the Effective Time and in connection with the consummation of the Merger, each outstanding Denbury PSU subject to achievement of performance goals based on relative total stockholder return vested at actual performance levels and was canceled and converted into the right to receive the Merger Consideration in accordance with the Merger Agreement in respect of the total number of shares of Denbury Common Stock subject to such Denbury PSU.
- [F3]Represents shares of Denbury Common Stock withheld to satisfy the reporting person's tax liability in connection with the vesting and settlement of all outstanding equity awards held at the time of the Merger. Certain of the equity awards to which this withholding relates were reported in Table I in previous Form 4 filings for the reporting person.
Documents
Issuer
DENBURY INC
CIK 0000945764
Entity typeother
Related Parties
1- filerCIK 0001623695
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 5:50 PM ET
- Size
- 9.6 KB