Vela Adam M 4
4 · Coterra Energy Inc. · Filed Feb 23, 2023
Insider Transaction Report
Form 4
Vela Adam M
SVP & General Counsel
Transactions
- Award
Performance Shares
2023-02-21+21,739→ 21,739 totalExp: 2026-01-31→ Common (21,739 underlying) - Award
Common Stock
2023-02-21+21,739→ 70,838 total
Holdings
- 0(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]These shares represent restricted stock units payable solely in common stock on January 31, 2026, subject to continued employment, earlier retirement under company policy or, in certain cases, pro-rata reduction in shares for time actually employed in the period from the grant date to the vesting date.
- [F2]Effective December 28, 2022, the issuer eliminated CTRA stock as an investment alternative available under the issuer's 401(k) plan. As a result, the 15,615 shares of CTRA common stock the reporting person previously reported as beneficially owned under the plan were liquidated.
- [F3]The performance shares provide for vesting between 0% and 200% of the performance shares awarded (payable in common stock and, for vesting above 100%, in cash) based upon certain performance criteria over a three-year performance period beginning February 1, 2023 and ending January 31, 2026.