Denny Mark David 4
4 · Vital Energy, Inc. · Filed Mar 7, 2023
Insider Transaction Report
Form 4
Denny Mark David
EVP, Gen. Counsel & Secretary
Transactions
- Disposition to Issuer
Common Stock
2023-03-03$57.06/sh−17,936$1,023,428→ 27,433 total - Tax Payment
Common Stock
2023-03-03$57.06/sh−1,781$101,624→ 25,652 total - Exercise/Conversion
Performance Units
2023-03-03+11,878→ 0 totalFrom: 2023-03-05→ Common Stock (11,878 underlying) - Exercise/Conversion
Common Stock
2023-03-03+17,936→ 45,369 total
Footnotes (2)
- [F1]These performance units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 4 filed by the Issuer on March 9, 2020. The performance units became payable 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. Based on the actual performance criteria satisfied, the performance unit multiplier was 151%.
- [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 previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.