Coterra Energy (NYSE: CTRA) grants stock and performance units to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alexander Andrea reported acquisition or exercise transactions in this Form 4 filing.
Coterra Energy Inc. reported that SVP & Chief HR Officer Andrea Alexander received new equity awards. On February 24, 2026, Alexander was granted 32,787 performance stock units and 32,787 restricted stock units payable in common stock at no cash cost per unit.
The restricted stock units vest on January 31, 2029, subject to the award agreement. The performance stock units cover a three-year performance period from February 1, 2026 to January 31, 2029 and can vest between 0% and 200% based on performance criteria, with shares delivered up to 100% of the units and any vesting above that paid in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Alexander Andrea
Role
SVP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 32,787 | $0.00 | -- |
| Grant/Award | Common Stock | 32,787 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 32,787 shares (Direct);
Common Stock — 175,054 shares (Direct)
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 units 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.
FAQ
What equity awards did Coterra Energy (CTRA) grant to Andrea Alexander?
Coterra Energy granted Andrea Alexander 32,787 restricted stock units and 32,787 performance stock units on February 24, 2026. Both awards are tied to Coterra common stock and are part of her compensation as SVP & Chief HR Officer, with vesting governed by award agreements.
When do Andrea Alexander’s restricted stock units at Coterra (CTRA) vest?
Andrea Alexander’s restricted stock units vest on January 31, 2029, subject to the terms of the restricted stock unit award agreement. Upon vesting, the units are payable solely in Coterra common stock, providing equity-based compensation over a multi-year time horizon aligned with company service requirements.
How do Coterra (CTRA) performance stock units granted to Andrea Alexander work?
Each performance stock unit represents a contingent right to receive one share of Coterra common stock up to 100% of the units granted. For vesting above 100%, the excess is settled in cash equal to the fair market value of one share at the time defined by the agreement.
What performance period applies to Coterra (CTRA) performance stock units?
The performance stock units use a three-year performance period beginning February 1, 2026 and ending January 31, 2029. Vesting can range from 0% to 200% of units granted, based on achievement of specified performance criteria set out in the performance stock unit award agreement.
What is the potential vesting range for Coterra (CTRA) performance stock units?
The performance stock unit award provides for vesting between 0% and 200% of the units granted. Up to 100% of granted units are settled in common stock, while any vesting above 100% is paid in cash based on the fair market value definition in the agreement.