Martinet Nicole L 4
4 · PDC ENERGY, INC. · Filed Jan 14, 2022
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
Martinet Nicole L
SVP, General Counsel & Sec.
Transactions
- Exercise/Conversion
Common Stock
2022-01-12+15,674→ 65,175 total - Tax Payment
Common Stock
2022-01-12$55.23/sh−6,860$378,878→ 58,315 total - Exercise/Conversion
Performance Share Rights
2022-01-12−8,249→ 0 totalExp: 2021-12-31→ Common Stock (8,249 underlying)
Footnotes (2)
- [F1]Each performance share unit/right represented a contingent right to receive 0-200% of that number in shares of PDC Energy, Inc. common stock upon achievement of specified metrics compared to certain peers, as described in the related grant agreement. Pursuant to the terms of the related grant agreement and the achievement of the predetermined objectives for the specified performance period, the insider earned 190% of the target award.
- [F2]Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon settlement of performance shares/rights.