4//SEC Filing
Wren Jessica R 4
Accession 0001528129-21-000052
CIK 0001528129other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:15 PM ET
Size
13.9 KB
Accession
0001528129-21-000052
Insider Transaction Report
Form 4
Wren Jessica R
Int. Principal Acctg Officer
Transactions
- Exercise/Conversion
Performance Units
2021-02-25+152→ 0 totalFrom: 2021-02-16→ Common Stock (152 underlying) - Exercise/Conversion
Common Stock
2021-02-25$37.93/sh+65$2,465→ 1,536 total - Tax Payment
Common Stock
2021-02-25$37.93/sh−24$910→ 1,512 total - Tax Payment
Common Stock
2021-02-26$32.59/sh−149$4,856→ 1,363 total
Holdings
- 386
Performance Units
From: 2022-02-28→ Common Stock (386 underlying) - 126
Stock Option (Right to buy)
Exercise: $346.80From: 2014-02-15Exp: 2023-02-15→ Common Stock (126 underlying)
Footnotes (4)
- [F1]These performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 3 filed by the Issuer on June 23, 2020. Each performance share unit represents a share of common stock. The performance share units became payable 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. Based on the actual performance criteria satisfied, 43% of the shares were issued, resulting in the issuance of 65 shares of common stock.
- [F2]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 and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
- [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 earned can range from 0% to 200% of the performance share units.
- [F4]This stock option is 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.
Documents
Issuer
Laredo Petroleum, Inc.
CIK 0001528129
Entity typeother
Related Parties
1- filerCIK 0001815749
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:15 PM ET
- Size
- 13.9 KB