4//SEC Filing
Chandler Tommye Karen 4
Accession 0001528129-22-000057
CIK 0001528129other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:15 PM ET
Size
13.6 KB
Accession
0001528129-22-000057
Insider Transaction Report
Form 4
Chandler Tommye Karen
Sr. V.P. & COO
Transactions
- Tax Payment
Common Stock
2022-03-04$83.00/sh−4,663$387,029→ 58,400 total
Holdings
- 32,041
Performance Units
From: 2023-03-05→ Performance Units (32,041 underlying) - 794
Stock Option (Right to buy)
Exercise: $282.40From: 2018-02-17Exp: 2027-02-17→ Common Stock (794 underlying) - 27,549
Performance Units
From: 2024-03-09→ Performance Units (27,549 underlying) - 14,045
Performance Units
From: 2025-02-22→ Performance Units (14,045 underlying) - 821
Stock Option (Right to buy)
Exercise: $346.80From: 2014-02-15Exp: 2023-02-15→ Common Stock (821 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.
- [F2]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%.
- [F3]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, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction and (iv) growth in inventory, over a three-year performance period ending December 31, 2023. 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 225%.
- [F4]These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance 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, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iv) growth in inventory and (v) emissions reduction, over a three-year performance period ending December 31, 2024. The final number of shares of common stock or cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range from 0% to 225%.
- [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.
Documents
Issuer
Laredo Petroleum, Inc.
CIK 0001528129
Entity typeother
Related Parties
1- filerCIK 0001757110
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 4:15 PM ET
- Size
- 13.6 KB