4//SEC Filing
Lorentzatos Nickolas J 4
Accession 0001209191-21-004554
CIK 0001486159other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 7:39 PM ET
Size
11.0 KB
Accession
0001209191-21-004554
Insider Transaction Report
Form 4
Lorentzatos Nickolas J
See Remarks
Transactions
- Award
Performance Share Units
2021-01-18+13,276→ 13,276 total→ Common Stock - Award
Common Stock
2021-01-18+16,776→ 16,776 total - Award
Performance Share Units
2021-01-18+13,276→ 26,552 total→ Common Stock
Footnotes (3)
- [F1]The Reporting Person was granted 16,776 Restricted Stock Units by the Issuer as compensation pursuant to the Issuer's 2020 Long Term Incentive Plan (the "2020 LTIP"). Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's common stock, par value $0.01 per share ("Common Stock").
- [F2]Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% of the target number of shares of Common Stock shown in Table II, depending on the Company's total shareholder return ("TSR") over a three-year measurement period beginning on January 15, 2021. For example, at the measurement dates in the last 12 months of the measurement period, TSR must increase at least (i) 145% to achieve the maximum 300% of target, (ii) 85% to achieve 200% of target, (iii) 25% to achieve 100% of target. However, if at least a 25% increase is not achieved on the measurement dates in the last 12 months of the three-year measurement period, no shares of Common Stock are earned. These Performance Share Units were granted as compensation under the 2020 LTIP.
- [F3]Each Performance Share Unit represents a contingent right to receive a number of shares of Common Stock, ranging from zero to 300% of the target number of shares of Common Stock shown in Table II, depending on the Company's TSR over a four-year measurement period beginning on January 15, 2021. For example, at the measurement dates in the last 12 months of the measurement period, TSR must increase by at least (i) 145% to achieve the maximum 300% of target, (ii) 85% to achieve 200% of target, (iii) 25% to achieve 100% of target. However, if at least 25% increase is not achieved on the measurement dates in the last 12 months of the four-year measurement period, no shares of Common Stock are earned. These Performance Share Units were granted as compensation under the 2020 LTIP.
Documents
Issuer
Oasis Petroleum Inc.
CIK 0001486159
Entity typeother
Related Parties
1- filerCIK 0001502361
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 7:39 PM ET
- Size
- 11.0 KB