FAULKNER STEPHEN L JR 4
4 · WPX ENERGY, INC. · Filed Jan 5, 2021
Insider Transaction Report
Form 4
FAULKNER STEPHEN L JR
VP and Controller
Transactions
- Tax Payment
Common Stock
2020-12-31$8.15/sh−1,801$14,678→ 45,495.351 total
Footnotes (1)
- [F1]The Board of Directors (the "Board") of WPX Energy, Inc. (the "Company") approved the accelerated vesting, effective as of December 31, 2020, of 4,060 shares of time-based restricted stock previously granted to the Reporting Person which originally were scheduled to vest on March 2, 2021. The Board approved the accelerated vesting in order to mitigate potential adverse tax consequences to the Company and the Reporting Person of Section 280G of the Internal Revenue Code, as amended, in connection with the Company's merger with Devon Energy Corporation. The reported disposition represents shares withheld to satisfy withholding tax obligations due upon the accelerated vesting of restricted stock.