4//SEC Filing
Chandler Tommye Karen 4
Accession 0001528129-21-000018
CIK 0001528129other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 4:38 PM ET
Size
13.8 KB
Accession
0001528129-21-000018
Insider Transaction Report
Form 4
Chandler Tommye Karen
Sr. V.P. & COO
Transactions
- Tax Payment
Common Stock
2021-02-16$37.93/sh−322$12,213→ 47,341 total
Holdings
- 794
Stock Option (Right to buy)
Exercise: $282.40From: 2018-02-17Exp: 2027-02-17→ Common Stock (794 underlying) - 13,868
Performance Units
From: 2022-02-28→ Common Stock (13,868 underlying) - 32,041
Performance Units
From: 2023-03-05→ Common Stock (32,041 underlying) - 821
Stock Option (Right to buy)
Exercise: $346.80From: 2014-02-15Exp: 2023-02-15→ Common Stock (821 underlying) - 1,902
Performance Units
From: 2021-02-16→ Common Stock (1,902 underlying)
Footnotes (5)
- [F1]Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
- [F2]These performance share units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share units will be payable, if at all, in common stock, based upon the Issuer's total shareholders return measured (i) against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2020. The final number of shares of common stock granted can range from 0% to 200% of the performance share units. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
- [F3]These performance share units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share units will be payable, if at all, in common stock, cash, or a combination of common stock and cash, to be determined in the discretion of the Issuer's Compensation Committee, based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2021. The final number of shares of common stock granted can range from 0% to 200% of the performance share units. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
- [F4]These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. The performance units will be payable, if at all, in cash based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2022. The final amount of cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range of 0% to 200%. Share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
- [F5]This stock option was granted under the Issuer's Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant. Applicable prices and share quantities were adjusted for the reverse stock split that became effective June 1, 2020.
Documents
Issuer
Laredo Petroleum, Inc.
CIK 0001528129
Entity typeother
Related Parties
1- filerCIK 0001757110
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 4:38 PM ET
- Size
- 13.8 KB