Doehner Cobian Mauricio 4

What Happened

• Mauricio Doehner Cobian, a director of Vista Energy (VIST), converted/exercised 6,000 restricted stock units (RSUs) on April 9, 2026. To cover tax withholding, 2,100 shares were surrendered at $65.08 each for a value of $136,668, leaving a net issuance of 3,900 shares to Doehner.
• The filings show the RSU conversion as derivative activity (transaction code M) and the surrender/withholding of shares for taxes under code F.

Key Details

• Transaction date: 2026-04-09; Form 4 filed: 2026-04-13 (filed 4 days after the transaction; appears later than the typical two-business-day deadline).
• Shares converted: 6,000 RSUs → 6,000 series A shares (derivative exercise).
• Shares withheld for taxes: 2,100 shares at $65.08 each = $136,668 (payment of tax liability).
• Net shares received by insider: 3,900 series A shares.
• Holdings after transaction (per filing footnote): 14,628 series A shares held directly and 42,900 series A shares represented by 42,900 ADSs (each ADS = one series A share).
• Footnotes: F1 clarifies each RSU equals a contingent right to one series A share or cash; F2 lists post-transaction holdings. Transaction codes: M = exercise/conversion of derivative, F = tax withholding.

Context

• This was a routine RSU vesting/conversion with a common cashless settlement: shares were withheld to satisfy tax obligations rather than a cash payment. Such withholding sales are standard and do not necessarily signal a view on the company’s prospects.
• The filing’s April 13 date for the April 9 transaction appears to exceed the typical two-business-day Form 4 filing window; investors may note the delayed reporting.