Coterra Energy (CTRA) EVP awarded performance stock and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DeShazer Michael D. reported acquisition or exercise transactions in this Form 4 filing.
Coterra Energy EVP Michael D. DeShazer reported equity awards tied to company performance and long-term service. He was granted 52,460 performance stock units on February 24, 2026, each representing a contingent right to receive one share of common stock up to 100% of the units granted, and cash for vesting above that level. The award can vest between 0% and 200% based on performance criteria measured from February 1, 2026 through January 31, 2029. He also received restricted stock units payable solely in common stock that vest on January 31, 2029, increasing his directly owned common stock to 184,988 shares after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DeShazer Michael D.
Role
EVP - Operations
| 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 — 184,988 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 insider transaction did Coterra Energy (CTRA) EVP Michael DeShazer report?
Michael D. DeShazer reported receiving equity awards in Coterra Energy. On February 24, 2026, he was granted 52,460 performance stock units and additional restricted stock units payable in common stock, all as compensation awards rather than open-market purchases or sales.
How many performance stock units did Coterra EVP Michael DeShazer receive in this Form 4?
He received 52,460 performance stock units. Each unit represents a contingent right to one share of common stock up to 100% of the grant, with any vesting above 100% settled in cash based on the defined Fair Market Value.
Over what period are Michael DeShazer’s Coterra Energy performance stock units measured?
The performance stock units use a three-year performance period. The agreement measures achievement of specified performance criteria from February 1, 2026 through January 31, 2029, with vesting between 0% and 200% of the units originally granted.
When do Michael DeShazer’s restricted stock units in Coterra Energy vest?
His restricted stock units, which are payable solely in Coterra common stock, vest on January 31, 2029. Vesting depends only on the passage of time under the award agreement, unlike the performance-based vesting terms of his performance stock unit grant.
How did this Form 4 change Michael DeShazer’s Coterra Energy common stock holdings?
Following the reported grant, DeShazer directly owned 184,988 shares of Coterra common stock. This total reflects the additional common stock tied to his restricted stock unit award reported as of the February 24, 2026 transaction date.
How can Michael DeShazer’s Coterra performance stock units ultimately pay out?
They may vest between 0% and 200% of the granted amount. Up to 100% of the performance stock units can settle in Coterra common stock, while vesting above 100% pays out in cash based on the award’s Fair Market Value definition.