Coterra CFO vests 81,030 performance shares
Coterra Energy EVP & CFO Shannon E. Young III reported the vesting and settlement of a performance stock unit award.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Coterra Energy EVP & CFO Shannon E. Young III reported the vesting and settlement of a performance stock unit award. On February 5, 2026, 81,030 performance stock units granted on July 6, 2023 were certified as earned and converted into the same number of common shares at $0 exercise price.
To cover tax obligations from this vesting, 31,886 common shares were withheld by Coterra at $28.85 per share, which is described as a tax withholding, not an open‑market sale. After these transactions, Young directly owned 239,435 Coterra common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Shares | 81,030 | $0.00 | $0.00 |
| Exercise | Common Stock | 81,030 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 31,886 | $28.85 | $920K |
Footnotes (6)
- F1. On February 5, 2026, the Compensation Committee of the Issuer certified the performance stock units earned resulting in full vesting of the portion payable in common stock and the remainder amount paid to the reporting person in cash.
- F2. Represents shares of common stock earned as a result of the certification by the Compensation Committee of the Issuer to the achievement of certain performance criteria under the terms of the performance stock unit award agreement granted on July 6, 2023.
- F3. Each performance stock unit earned (up to 100% of the performance stock units awarded) converted into common stock on a one-for-one basis.
- F4. Represents shares of common stock withheld by the Issuer to satisfy the reporting person's tax obligations relating to the vesting of a previously disclosed award of performance stock units, not a sale transaction by the reporting person.
- F5. On July 6, 2023, the reporting person received a grant of performance stock units. The performance stock unit award agreement provides for vesting between 0% and 200% of the performance stock units awarded (payable in common stock up to 100% of the performance stock units awarded and, for vesting above 100% in cash) based upon the achievement of certain performance criteria over a three-year performance period beginning February 1, 2023 and ending January 31, 2026.
- F6. Represents the number of performance stock units awarded on July 6, 2023.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Coterra Energy (CTRA) report for its CFO?
What were the terms of the Coterra Energy (CTRA) performance stock unit award?
AI-generated analysis. How Rhea-AI works. Not financial advice.