FAULKNER STEPHEN L JR 4
4 · Vital Energy, Inc. · Filed Apr 3, 2024
Insider Transaction Report
Form 4
FAULKNER STEPHEN L JR
VP & CAO
Transactions
- Award
Common Stock
2024-04-01$52.64/sh+4,548$239,407→ 4,548 total - Award
Performance Units
2024-04-01+1,516→ 1,516 totalFrom: 2027-02-20→ Common Stock (1,516 underlying)
Footnotes (2)
- [F1]These shares are granted under the Issuer's Omnibus Equity Incentive Plan that are currently unvested and will vest in substantially equal annual installments on the first three anniversaries of their applicable grant date.
- [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%.