PIGOTT M. JASON 4
4 · Vital Energy, Inc. · Filed Mar 7, 2023
Insider Transaction Report
Form 4
PIGOTT M. JASON
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Stock
2023-03-03+83,432→ 220,671 total - Disposition to Issuer
Common Stock
2023-03-03$57.06/sh−83,432$4,760,630→ 137,239 total - Tax Payment
Common Stock
2023-03-03$57.06/sh−8,286$472,799→ 128,953 total - Exercise/Conversion
Performance Units
2023-03-03+55,253→ 0 totalFrom: 2023-03-05→ Common Stock (55,253 underlying)
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.