Martinet Nicole L 4
4 · PDC ENERGY, INC. · Filed Jan 13, 2023
Insider Transaction Report
Form 4
PDC ENERGY, INC.PDCE
Martinet Nicole L
SVP, General Counsel & Sec.
Transactions
- Exercise/Conversion
Common Stock
[F1]2023-01-11+62,558→ 106,624 total - Tax Payment
Common Stock
[F2]2023-01-11$63.40/sh−25,923$1,643,518→ 80,701 total - Exercise/Conversion
Performance Share Rights
[F1]2023-01-11−25,023→ 0 totalExp: 2022-12-31→ Common Stock (25,023 underlying)
Footnotes (2)
- [F1]Each performance share unit/right represented a contingent right to receive 0-250% 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 250% 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.
Signature
/s/ Nicole L. Martinet, by power of attorney|2023-01-13