Rohling Daniel P 4
4 · BATTALION OIL CORP · Filed Sep 23, 2024
Insider Transaction Report
Form 4
Rohling Daniel P
Chief Operating Officer
Transactions
- Award
Equity Grant Units
2024-09-19+18,322→ 18,322 totalExp: 2025-12-31→ Common Stock (18,322 underlying)
Footnotes (3)
- [F1]The Reporting Person received an award of Equity Grant Units ("EGU") granted under the Plan (defined below). Each EGU represents the right to receive a cash payment equivalent to the value of a share of the Company's common stock upon a Closing (as described below).
- [F2]All awards are issued in accordance with the Company's Merger Incentive Plan, dated September 19, 2024 (the "Plan"), approved by the Compensation Committee and the Board of Directors of the Company.
- [F3]Subject to the terms and conditions of the Plan and the award agreement, each EGU will be settled in cash upon the Closing (as defined in the Plan) of a transaction resulting in a change of control of the Company and such cash settlement will be based on the consideration paid for the Company's common stock in connection with such Closing or the closing price of the Company's common stock on the date a person or group files a report with the Securities and Exchange Commission announcing that they are the beneficial owners of more than 50% of the total voting power of the outstanding voting stock of the Company.