Robert John Anderson - 31 Jan 2022 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
President and CEO, Director
Signature
/s/ Robert J. Anderson
Issuer symbol
ESTE
Transactions as of
31 Jan 2022
Transactions value $
-$640,585
Form type
4
Filing time
02 Feb 2022, 16:16:50 UTC
Previous filing
03 Jan 2022
Next filing
31 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Award $0 +122,850 +26.27% $0 590,531 31 Jan 2022 Direct F1
transaction ESTE Class A Common Stock Tax liability -$640,584 -48,346 -8.19% $13.25 542,185 31 Jan 2022 Direct F2
transaction ESTE Class A Common Stock Award $0 +59,080 +10.9% $0 601,265 01 Feb 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESTE Performance Unit Award $0 +109,720 $0 109,720 01 Feb 2022 Class A Common Stock 109,720 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A common stock issued by the Issuer to the reporting person arising from the vesting and settlement of a performance unit award granted under the Earthstone Energy, Inc. Amended and Restated 2014 Long-Term Incentive Plan.
F2 Shares of Class A common stock withheld by the Issuer to cover tax withholding obligations of the reporting person arising from the settlement of a performance unit award on January 31, 2022 granted under the Earthstone Energy, Inc. Amended and Restated 2014 Long-Term Incentive Plan.
F3 This restricted stock unit award vests on an equal quarterly basis over a three-year period with the first vesting date on March 31, 2022, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of Class A common stock of the Issuer.
F4 This performance unit award is subject to the terms of the performance unit agreement. The vesting of the award is subject to the satisfaction of certain performance criteria in the period beginning January 1, 2022 and ending December 31, 2024. The units are valued on a one-to-one basis to the Class A common stock of the Issuer and are intended to be settled in cash but may be settled in stock upon vesting. The number of shares of Class A common stock applicable to the award can range from 0% to 200% of the number presented above.