Coterra Energy (CTRA) EVP awarded performance and restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIRGO BLAKE A reported acquisition or exercise transactions in this Form 4 filing.
Coterra Energy Inc. reported that EVP - Business Units Blake A. Sirgo received equity awards on February 24, 2026. He was granted 52,460 performance stock units, each tied to up to one share of common stock and potential additional cash depending on performance. He also received 52,460 restricted stock units payable solely in common stock, which vest on January 31, 2029. The performance stock units may vest between 0% and 200% based on performance from February 1, 2026 through January 31, 2029. Following these awards, Sirgo directly held 177,443 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIRGO BLAKE A
Role
EVP - Business Units
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 52,460 | $0.00 | -- |
| Grant/Award | Common Stock | 52,460 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 52,460 shares (Direct);
Common Stock — 177,443 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 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.
FAQ
What did the latest Form 4 for Coterra Energy (CTRA) report?
The Form 4 reports that EVP Blake A. Sirgo received equity awards on February 24, 2026, including performance stock units and restricted stock units, increasing his directly held common shares to 177,443 after the transactions disclosed.
How many performance stock units were granted to Blake A. Sirgo at Coterra Energy (CTRA)?
Blake A. Sirgo was granted 52,460 performance stock units. Each unit represents a contingent right to one share of common stock, plus potential additional cash for vesting above 100%, subject to performance criteria over a three-year period.
What are the vesting terms for Blake A. Sirgo’s performance stock units at Coterra Energy (CTRA)?
The performance stock units vest between 0% and 200% based on defined performance criteria over a three-year period from February 1, 2026 to January 31, 2029, with payment in stock up to 100% and cash for vesting above 100%.
What restricted stock unit award did Blake A. Sirgo receive from Coterra Energy (CTRA)?
He received 52,460 restricted stock units payable solely in common stock. According to the award terms, these restricted stock units vest on January 31, 2029, providing potential future ownership if he remains eligible through the vesting date.
How did Blake A. Sirgo’s direct Coterra Energy (CTRA) common stock holdings change?
After the reported awards, Blake A. Sirgo directly held 177,443 shares of common stock. The increase reflects the grant/award acquisition transactions reported, rather than any open-market purchases or sales, according to the Form 4 details.
Are Blake A. Sirgo’s Coterra Energy (CTRA) awards performance-based or time-based?
He received both types: performance stock units that vest between 0% and 200% based on performance over three years, and restricted stock units that vest solely based on time, on January 31, 2029.