Infinity Natural Resources CFO Cary Baetz Receives Awards

What Happened
Cary D. Baetz, EVP and Chief Financial Officer of Infinity Natural Resources, was granted two equity awards on August 12, 2026: 31,818 restricted stock units (RSUs) and 31,818 performance stock units (PSUs). The Form 4 reports an acquisition price of $0.00 for both grants (transaction code A — Award/Grant), which is typical for contingent equity awards that convert into shares later rather than an immediate cash purchase.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 14, 2026 (filed within the usual 2‑business‑day window).
• Awards: 31,818 RSUs (F1) and 31,818 PSUs (F2). Form lists $0.00 per unit and $0 total value on the filing (reflects contingent/derivative nature).
• Vesting / payout terms:
  • RSUs (F1): Vest in three equal annual installments beginning one year from grant, subject to continued service. Each RSU converts to one share of Class A common stock upon vesting.
  • PSUs (F2): Performance period from Jan 1, 2026 to Dec 31, 2028; payout ranges from 0 to 3 shares per PSU based on the company’s relative total shareholder return vs. peers and absolute shareholder return, and is also subject to continued service.
• Shares owned after the transaction: not specified in the information provided in this summary.
• Transaction code: A = Award/Grant (derivative units, not an open‑market purchase or sale).

Context
These awards are compensation instruments that may convert into actual shares only if vesting/service and (for PSUs) performance conditions are met. They do not represent an immediate cash purchase or sale and are commonly used to align executive incentives with long‑term company performance. The PSU payout is performance‑contingent (0–3 shares per unit), so eventual dilution and realized value depend on future results.