Denny Mark David 4
4 · Vital Energy, Inc. · Filed Mar 11, 2024
Insider Transaction Report
Form 4
Denny Mark David
EVP, Gen. Counsel & Secretary
Transactions
- Exercise/Conversion
Common Stock
2024-03-08+16,652→ 49,868 total - Tax Payment
Common Stock
2024-03-08$50.38/sh−1,713$86,301→ 31,503 total - Disposition to Issuer
Common Stock
2024-03-08$50.38/sh−16,652$838,928→ 33,216 total - Exercise/Conversion
Performance Units
2024-03-08−11,419→ 0 totalFrom: 2024-03-09→ Common Stock (11,419 underlying)
Footnotes (2)
- [F1]These performance units are granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a From 4 filed by the Issuer on March 9, 2021. 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, (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. Based on the actual performance criteria satisfied, the performance unit multiplier was 145.83%.
- [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.