4//SEC Filing
PIGOTT M. JASON 4
Accession 0001528129-24-000053
CIK 0001528129other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 5:05 PM ET
Size
8.0 KB
Accession
0001528129-24-000053
Insider Transaction Report
Form 4
PIGOTT M. JASON
DirectorPresident & CEO
Transactions
- Award
Common Stock
2024-02-20$43.34/sh+63,452$2,750,010→ 178,478 total - Award
Performance Units
2024-02-20+63,451→ 63,451 totalFrom: 2027-02-20→ Common Stock (63,451 underlying)
Footnotes (2)
- [F1]These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant.
- [F2]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 on an absolute share return basis, (ii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iii) growth in inventory and (iv) emissions reduction, over a three-year performance period ending December 31, 2026. 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%.
Documents
Issuer
Vital Energy, Inc.
CIK 0001528129
Entity typeother
Related Parties
1- filerCIK 0001585031
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 5:05 PM ET
- Size
- 8.0 KB