Coterra (CTRA) CEO awarded performance and restricted stock units
Rhea-AI Filing Summary
JORDEN THOMAS E reported acquisition or exercise transactions in this Form 4 filing.
Coterra Energy Inc. CEO and President Thomas E. Jorden reported equity awards tied to company stock. He received 180,328 performance stock units and restricted stock units representing 180,328 shares of common stock, both reported as grants at a price of $0.00 per share.
The restricted stock units are payable solely in common stock and vest on January 31, 2029. The performance stock units cover a three-year performance period from February 1, 2026 to January 31, 2029, with vesting between 0% and 200% of the units granted based on performance criteria. Up to 100% of vested performance units are settled in common stock, with any vesting above 100% settled in cash equal to the fair market value of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 180,328 | $0.00 | -- |
| Grant/Award | Common Stock | 180,328 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units payable solely in common stock. Subject to the terms of the restricted stock unit award agreement, these restricted stock units vest on January 31, 2029. Each performance stock unit represents a contingent right to receive one share of common stock (up to 100% of the performance stock units awarded) and cash equal to the Fair Market Value (as defined in the performance stock unit award agreement) of one share of common stock for vesting above 100%. Represents the number of performance stock units awarded on February 24, 2026. The performance stock unit award agreement provides for vesting between 0% and 200% of the performance stock units granted (payable in common stock up to 100% of the performance stock units granted and, for vesting above 100%, in cash) based upon the achievement of certain performance criteria over a three-year performance period beginning February 1, 2026 and ending January 31, 2029.