Sheffield Bryan 4
4 · Parsley Energy, Inc. · Filed Dec 18, 2020
Insider Transaction Report
Form 4
Sheffield Bryan
DirectorDirector, President and CEO10% Owner
Transactions
- Tax Payment
Class A common stock
2020-12-17$14.49/sh−47,436$687,348→ 8,483,798 total - Award
Class A common stock
2020-12-17+120,548→ 8,531,234 total - Tax Payment
Class A common stock
2020-12-17$14.49/sh−23,718$343,674→ 8,460,080 total
Holdings
- 352,521(indirect: By Spouse)
Class A common stock
- 948,043(indirect: By Trust)
Class A common stock
- 297,761(indirect: By Trust)
Class A common stock
- 19,515,517
Class B common stock
- 371,249(indirect: By Spouse)
Class B common stock
- 998,406(indirect: By Trust)
Class B common stock
- 313,579(indirect: By Trust)
Class B common stock
Footnotes (6)
- [F1]Represents shares of Class A common stock earned pursuant to a performance-based restricted stock award granted on February 12, 2018, as certified by the Compensation Committee on December 17, 2020.
- [F2]The Issuer withheld shares of Class A common stock that would have otherwise been issuable to the reporting person to satisfy the Issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock granted on February 12, 2018. The number of shares of Class A common stock withheld was determined based on the closing price of the Class A common stock on December 16, 2020.
- [F3]The Issuer withheld shares of Class A common stock that would have otherwise been issuable to the reporting person to satisfy the Issuer's tax withholding obligations in connection with the vesting and settlement of the time-based restricted stock granted on February 12, 2018. The number of shares of Class A common stock withheld was determined based on the closing price of the Class A common stock on December 16, 2020.
- [F4]Mr. Sheffield serves as the investment trustee of the Bryan S. Sheffield Spousal Lifetime Access Trust, and Mr. Sheffield and his children are beneficiaries of the Bryan S. Sheffield Spousal Lifetime Access Trust.
- [F5]Mr. Sheffield's spouse serves as the investment trustee of the Sharoll M. Sheffield 2012 Irrevocable Trust, and Mr. Sheffield's spouse and children are beneficiaries of the Sharoll M. Sheffield 2012 Irrevocable Trust.
- [F6]Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.