Wren Jessica R 4
4 · Laredo Petroleum, Inc. · Filed Mar 2, 2022
Insider Transaction Report
Form 4
Wren Jessica R
Int. Principal Acctg Officer
Transactions
- Exercise/Conversion
Performance Units
2022-02-28+386→ 0 totalFrom: 2022-02-28→ Performance Units (386 underlying) - Sale
Common Stock
2022-03-01$78.00/sh−489$38,142→ 4,154 total - Exercise/Conversion
Common Stock
2022-02-28$76.56/sh+413$31,619→ 4,921 total - Tax Payment
Common Stock
2022-02-28$76.56/sh−143$10,948→ 4,778 total - Tax Payment
Common Stock
2022-02-28$76.56/sh−135$10,336→ 4,643 total
Holdings
- 126
Stock Option (Right to buy)
Exercise: $346.80From: 2014-02-15Exp: 2023-02-15→ Common Stock (126 underlying)
Footnotes (3)
- [F1]These performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on Form 3 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 (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. Based on the actual performance criteria satisfied, 107% of the shares were issued, resulting in 413 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]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.